Tomini’s supramax exit draws close

Tomini’s supramax exit draws close

After close to a year, weekly circulating its exit from the supramax segment, and fixing and failing on several occasions, Dubai-based Tomini has finally sealed a deal and a tidy profit. The 2012-built Tomini Victory has been sold to Chinese buyers for $10.8m. Lion Shipbrokers note that the sellers purchased the bulker as Oriental Phoenix back in May 2016 for just $7m.

Tomini is also listed as selling two other Chinese-­built Dolphin 57 supramaxes, the 2010-built Tomini Infinity for $10.1m, as well as the 2012-built Tomini Sincerity for $10.5m,.

The latest deal leaves the outfit with the 2010-built vessel Tomini Ability and seven ultramaxes.

Privately owned Tomini’s main shareholders are its chairman, Imtiaz Shaikh, and his family.

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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