ContainersMiddle East

Tehama Shipping acquires third boxship

Dubai-headquartered Tehama Shipping, part of Saba Group which operates a container terminal at Iraq’s Umm Qasr South, has acquired its third and largest container vessel according to brokers.

Advanced Shipping & Trading and Seasure Shipbroking are reporting that the company has acquired 2004-built sub-panamax Gisele A (2,764 teu) from Turkey’s Arkas Denizcilik for $6.8m-$6.9m. VesselsValue gives the vessel a market value  of $5.39m, although brokers note the vessel has just passed its special survey.

The acquisition brings the Tehama Shipping fleet to three, the Gisele A joining the 1999-built 1,096 teu Venus and 2000-built 2,478 teu TSS Neptune.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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