Winson readies this year’s quickest asset play

Winson readies this year’s quickest asset play

Winson Group’s shipping arm has put two ships it has just bought up for sale. The Taiwanese company is moving fast; one of the ships involved has not even been renamed yet. Winson is not known for its asset plays, having only sold one ship in the last five years.

In October Winson tapped fellow Taiwanese owner Formosa Plastics for two ageing LR tankers, Formosa Falcon (now renamed Sino Pacific) and the FPMC P Alpine. Winson was able to bag the ships at just $7m each, with Formosa Plastics understood to be keen to get the ships off its books having been marketing them for many months.

The ships are now being marketed by Winson with a price tag of $8m each.

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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