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.