Salam Pacific snaps up its first supramax

Salam Pacific snaps up its first supramax

Almost weekly lesser known owners in Southeast Asia are filling up as buyers in broking reports. This time it’s Salam Pacific Lines from Indonesia which is snapping up its first supramax.

The purchase marks a new era for the owner, which has previously focused on smaller containerships and multipurpose vessels acting for its inter-island trade.

Snapping up the Nisshin owned, Western Singapore for a price of $4.7m, is a significant move outside its niche trading area.

Salam Pacific purchased its the first vessel in 1980. Its current fleet is in excess of 50 vessels.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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