Dry CargoMiddle East

S’hail Shipping acquires panamax from Avin International

Qatari bulker owner S’hail Shipping has added the third panamax bulker to its fleet this year, after acquiring a 2004-built panamax bulker from Greek owner Avin International.

According to shipbroking sources, S’hail Shipping bought the 76,500 dwt Tsuneishi-built bulker Vamos for a price of $9m. MSI values the vessel at $8.8m.

Following the acquisition, the company’s fleet will be expanded to eight bulkers.

In May, S’hail Shipping bought two panamax bulkers and renamed them S’hail Al Rayan and S’hail Al Dukhan.

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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