Wisdom Marine eyes more LPG carriers

Wisdom Marine eyes more LPG carriers

Taiwanese bulker owner Wisdom Marine is looking to evaluate the feasibility of expanding its presence in the LPG market this year as it takes delivery of its first LPG carrier.

Wisdom Marine ordered a 6,400dwt LPG carrier at Japan’s Murakami Hide in 2016 and the vessel, named Joseph Wisdom, is set for delivery next month.

James Lan, chairman of Wisdom Marine, said at a recent shareholding meeting that Wisdom Marine will continue its diversification strategy and the company will trial run the first LPG carrier and evaluate the market before deciding whether to further expand into the sector.

Last year, Wisdom Marine cancelled plans to order two 115,000dwt aframax tankers at Japan Marine United and enter the tankers segment due to changes in operating plans and market environment.

According to VesselsValue, Wisdom Marine currently operates over 120 bulkers, one car carrier and three boxships.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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