Sea Consortium buying spree sees six ships snapped up so far this year

Sea Consortium buying spree sees six ships snapped up so far this year

Singapore’s Sea Consortium, which controls the feeder operator X-Press Feeders, has been on what analysts at Alphaliner describe as a “ship buying spree” since the beginning of the year, snapping up a number of bargains.

According to Alphaliner, the carrier has purchased at least six vessels with capacities ranging from 1,600 to 2,700 teu in the last three months. Once they have all delivered the Sea Consortium owned fleet will hit 30 ships.

Most of Sea Consortium’s owned ships are operated by X-Press Feeders, the world’s largest feeder operator.

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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