Waruna continues tanker buying spree

Waruna continues tanker buying spree

Waruna Nusa Sentana has acquired 2009-built small chemical tanker Donghai from China’s Ningbo Donghai Shipping, according to brokers.

Seasure Shipbroking and Allied Shipping & Trading are reporting that the Indonesian outfit has paid $7.4m for the vessel, slightly under the VesselsValue market valuation of $7.81m.

If confirmed, the deal will see Waruna’s tanker fleet grow to 43 out of a fleet of 53 vessels in total. The company has been growing at a rapid rate, picking up seven vessels in the secondhand market last year and 10 in 2018. Fifteen of the acquisitions were in the tanker segment.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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