Dry CargoEurope

Tufton Oceanic takes Interorient handy bulker

London-listed Tufton Oceanic has acquired the 2012-built 33,500 dwt handy bulker Orient Alliance from Cypriot owner Interorient Shipmanagement.

According to shipbroking sources, Tufton Oceanic bought the Weihai Samjin-built ship for a price of around $7m. The price is significantly cheaper than the MSI valuation of $9.9m and VesselsValue valuation of $8.03m.

Earlier this month, Tufton Oceanic sold the 2014-built ultramax bulker TR Omaha to Oman Shipping.

VesselsValue data shows Tufton Oceanic currently owns a fleet of 56 vessels.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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