Dry CargoMiddle East

S’hail Shipping takes Japanese panamax from d’Amico

Qatari bulker owner S’hail Shipping has acquired the 2006-built 82,800 dwt panamax bulker Medi Hong Kong from Italian owner D’Amico Dry.

Shipbroking sources confirmed that the Tsuneishi Zosen-built vessel was sold to S’hail for a price of around $9.25m. MSI values the vessel at $9.7m.

S’hail Shipping was established in 2017 and has since built up its fleet through secondhand acquisitions, with this latest deal expanding the company’s fleet to eight bulkers.

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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