AsiaDry Cargo

Tan Binh stocks up on more Japanese handies

Vietnam’s fastest growing owner and biggest handy specialist, Haiphong- based Tan Binh, continues to add ships, adding a third handysize bulker so far this year.

Broker sources tell Splash that the outfit has added the 15-year-old, 28,000 dwt Japanese-built Ratu Tembaga for just under $6m.

The owner has timed the market well, adding most of its ships when prices have been at rock bottom. This year the active buyer has been taking advantage of the uncertainty in the dry cargo sector.

At the beginning of April brokers reported that Tan Binh had snapped up the 33,700 dwt bulker Global Prosperity for $8.4m, this deal is still to be confirmed. Seven weeks ago Tan Binh added its first Japanese-built handysize bulker for the year, taking another 2004-built handysize bulker Estia, a ship that is now renamed Tan Binh 256. The Vietnamese company has now added 17 ships since 2014 if the latest deals are confirmed.

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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