Top Fuzhou owner exits bulker segment

Top Fuzhou owner exits bulker segment

The end appears near for Fuzhou-based bulker player Fujian Guanhai Shipping with sources telling Splash it has sold its last handymax.

The China-flagged 48,000 dwt Guan Hai 308 has been sold for RMB82.58m ($12m) to local owner, Zhongchang Marine.

The sale comes six weeks after it was listed as selling another five-year old Hong Kong flagged panamax bulker for $10m to a fellow Chinese owner.

Guanhai, whose history dates back four decades, is now left with two small Chinese-flagged elderly boxships. Its sister firm Crown Ocean Shipbuilding was shuttered in January 2016.

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.

Related Posts