Dry CargoGreater China

Wisdom Marine handymax contract cancelled

Photo of Jason Jiang Jason JiangNovember 8, 2016
1 Less than a minute

Taiwanese owner Wisdom Marine has announced that it has reached an agreement with Japanese charterers to cancel a time charter contract on a handymax vessel.

The name of the charterer was not disclosed.

Wisdom Marine will receive compensation of JPY1.45bn ($13.8m) in November.

Wisdom Marine issued new shares to raise capital for fleet expansion in September, and entered the tanker sector with two tanker orders at Japan Marine United (JMU) in June.

Photo of Jason Jiang Jason JiangNovember 8, 2016
1 Less than a minute
Photo of Jason Jiang

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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