AmericasDry Cargo

Ultranav lets go of another bulk carrier

Chile’s Ultranav is busy in the sales and purchase market. This week multiple brokers tell Splash that the 2015-built, 38,000 dwt Ultra Tolhuaca has been sold for for $24.6m. Brokers report that more than a handful of owners showed interest in the ship.

A number of broking reports link fast-growing UK-based outfit Dao Shipping to the deal. 13-ship strong bulker player, Dao, an affiliate of Ray Car Carriers, entered the handy segment last summer. Since then it has added two same-aged Oshima-built sister ships from Japan’s Orkix Corp. If the latest deal is confirmed, Dao will have added three Oshima-built handies since June, in addition to a semi-modern Chinese-built ultramax.

This marks the second bulker sold within a year by Von Appen family-controlled Ultranav. The last sale was to Hong Kong-based, Indian owner Chellaram who added the same sized, four-year-old Ultra Calbuco for $23.5m.

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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