Saverys’ Hunter Maritime pounces for Chinese newcastlemaxes

Saverys’ Hunter Maritime pounces for Chinese newcastlemaxes

The Saverys family’s new bulker bargain basement buying vehicle is being linked a quartet of newcastlemaxes. Brokers are suggesting Hunter Maritime Acquisition Corp has got four Yangfan-built newcastlemaxes on 45-day subs for an en-bloc price of just $115.5m. Two of the four 205,000 dwt ships were built in 2013, one on 2014 and the other in 2015. The ships’ names are listed as Super Star, Wish Star, Valley Stay and Moritz Oldendorff and shipping database Equasis lists them as being previously owned by Shanghai’s Hong Xiang Shipping. Officials at the Chinese company did not pick up the phone when called by Splash today.

Formed in October last year by the Belgian Saverys family with a view to a Nasdaq listing Hunter Maritime, as its name suggests, aims to snap up shipping assets and companies in a range of sectors, starting with dry bulk.

Marc Saverys’s sons Alexander and Ludovic are serving as ceo and cfo respectively.

“We believe that the shipping industry, and particularly the dry bulk sector of the shipping industry, presents attractive opportunities for consolidation and growth and a favorable area in which to consummate a business combination transaction,” a filing from the new company claimed in October.

 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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