Vietnamese owner pockets $1m profit from quick handy sale

Vietnamese owner pockets $1m profit from quick handy sale

In a rare example of a Vietnamese owner performing an asset play, Haiphong-based Viet Long JSC has pocketed a tidy $1m profit from a quick bulker turnaround.

The Southeast Asian owner bought the Bianco Venture handy bulker at the start of the year for $5.2m. The Oshima-built ship, rechristened Great Pride, has now been bought by Hong Kong’s Taylor Maritime for $6.2m, according to brokers.

Founded by Edward Buttery two and a half years ago, Taylor Maritime has quickly built up a fleet of Japanese handies.

Buttery has yet respond to inquiries from Splash today.

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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