Unisea revealed as buyer of PIL’s last capes

Unisea revealed as buyer of PIL’s last capes

Adamantios Lemos-controlled Unisea Shipping has emerged as the buyer of the Teo family’s last two capesizes.

Splash reported last month how the Teos’ Pacific International Lines (PIL) had sold two 2011-built capes, the Shagang Hongfa and Shagang Honchang – for $33m each, with brokers at the time suggesting the deal had been concluded with a Chinese leasing house. European shipping database Equasis now shows the ships are owned by Unisea, marking the first capes in the Unisea fleet for nine years. In recent years Unisea has preferred to focus on supramaxes and kamsarmaxes. The cape deal comes with a time charter back priced at $20,000 a day.

As well as its dry bulk assets, Unisea is best known for its focus on aframax tankers.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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