Dry CargoGreater China

TCC replaces older cape with a younger model

The fleet rejuvenation programme continues apace at 100-year-old TCC Group, a famous name among Hong Kong shipowners. Just weeks after selling its first ship in years, the 2003-built cape, CSK Fortune, the wet and dry player is linked to a 2016-built SwissMarine owned capesize in a $45m deal.

The active player is adding the Japan Marine United built bulker, Choully, its first secondhand purchase in more than a decade.

2017 has been a busy year for TCC. Earlier this year it signed up for two Korean VLCCs with delivery scheduled for 2019 for around $80m each.

“We’ll never be big, just consistent and steady,” TCC’s chairman Kenneth Koo said in an interview carried on this site earlier this year. Koo stressed that TCC never wants to go above 20 ships in fleet size. “We build ships to focus upon offering specific solutions for our long term business partners. We won’t build just to expand our fleet,” Koo said.

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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