Seacon in buying and selling mode

Seacon in buying and selling mode

Qingdao-headquartered Seacon Shipping continues to show muscle in the sale and purchase market, wheeling and dealing, month after month. The outfit has just decided it’s time to sell, and is in close negotiations to sell six-year-old 40,413 dwt Glory Hong Kong for just over $10m, and two similarly aged supramaxes, the Ocean Vendor, and its sister ship, the Ocean Carrier, for $26m en bloc.

The company is also out looking for capes, broker contacts tell Splash. On the buying side, Seacon, run by former brokers, is also understood to be on the hunt for boxships and tankers.

So far this year the company has bought four panamaxes, two supramaxes and one small chemical tanker according to data from VesselsValue.

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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