Shanghai CP International takes MPP pair

Shanghai CP International takes MPP pair

Low key player Shanghai CP International continues to add ships in various segments. This week the twelve-ship strong outfit emerged as the taker of a pair of multipurpose vessels, the 33,200 dwt San Marino Trader (built 2010) and the one year older Lisbon Trader. A price of $11m is reported for the first of the ships, while the slightly older vessel fetched $10.8m. The ships used to belong to German KG, Hermann Buss.

Brokers note that the San Marino Trader purchase appears firm, comparing the deal to the recent sale of a Lauritzen ship, the 2010-built Signe Bulker that fetched $ 9.6m, significantly less than the San Marino Trader.

VesselsValue’s fleet register lists Shanghai CP International, which also acts as a broker, as the taker of the 1997-built panamax, Ocean Long, a ship that has since changed hands and is now controlled by Xiamen ITG Shipping.

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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