One of the year’s most aggressive bulker buyers has concluded a deal with one of the most consistent sellers.
Bangladesh’s SR Shipping has bought the six-year-old Ten Yu Maru supramax from Japan’s Kambara Kisen for $11.7m.
Sources describe the price as very firm, around $1m than a sister ship recently sold.
SR Shipping is understood to be big fans of Tsuneishi-built supramaxes. Tsuneishi is the shipbuilder sister company of Kambara Kisen. SR Shipping has been one of the fastest growing dry bulk firms this year while Kambara Kisen, like many Japanese owners, has been shedding tonnage fast amid the downturn.