Wisdom Marine acquires handysize bulker

Wisdom Marine acquires handysize bulker

Taiwanese bulker owner Wisdom Marine has sealed a deal to acquire a 38,000 dwt secondhand bulk carrier.

Wisdom will pay $23.5m for the handysize vessel from an undisclosed buyer.

Additionally, Wisdom Marine Group has replenished $38.6m capital into subsidiary Wisdom Marine Lines for vessel acquisitions.

In September, Wisdom Marine cancelled its plan to enter tanker sector with the cancellation of two 115,000 dwt aframax tankers at Japan Marine United.

The company currently operates a dry bulk fleet of around 120 vessels.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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