AsiaDry Cargo

Sungdong sells cape to Zodiac

Zodiac Maritime Agencies stays active in sniffing out opportunities. This time, brokers report that the Eyal Ofer-chaired outfit has been visiting Sungdong Shipbuilding in South Korea.  The owner is reportedly spending $39.5m for the 180,000 dwt, Maria D also known by brokers as hull number H1202, $1m more than the market value assigns the ship.

The vessel is one of a series ships originally ordered by Greece’s Marmarasin in 2013, at a price of $46.5m each. These ships were cancelled and the financially troubled shipyard turned owner, and laid a trio of capes, the Maria D, Bosporus and Marigo up for sale.

Zodiac is listed with 12 capesize vessels and 11 VLOCs in its diverse fleet list. The Maria D will be the fourth cape bought by the firm this year.


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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