Seatankers takes over Japanese capesize bulker

Seatankers takes over Japanese capesize bulker

John Fredriksen’s Seatankers Management has made its first secondhand bulker acquisition deal in over three years, acquiring the 2012-built capesize bulker Frontier Voyager.

The company’s most recent bulker S&P deal dates back to May 2016, when it acquired two resale panamax bulkers at Indian yard Reliance Defence and Engineering.

Shipbroking sources said Japanese owner Fukujin Kisen sold the Tsuneishi Cebu-built 180,700 dwt vessel to Seatankers for a price of around $26m. The vessel is not fitted with a ballast water treatment system.

Seatankers is in the middle of a massive fleet expansion programme. The company currently owns a fleet of 17 vessel with 25 newbuildings on its orderbook.

 

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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