Wilmar takes supramax pair for $19m

Wilmar takes supramax pair for $19m

Singapore-based Wilmar International has snapped up a pair of supramax bulkers for just $19m en bloc. Hellenic Star Shipping has sold the Sea Moon and Sea Queen II, built in 2009 and 2010 respectively, to the acquisitive Singaporean owner.

While still cheap, the deal shows how supramax prices have shot up in recent months. Wilmar, owned by tycoon Kuok Khoon Hong, bagged a six-year-old supramax last August for $7m.

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.

Related Posts