Dry CargoGreater China

Wisdom Marine looks to sell five vessels

Taiwanese bulker operator Wisdom Marine is looking to dispose of more aging vessels this year as part of the company’s fleet optimisation plans.

The company said it has already sold one vessel this year and planned to sell another five vessels.

Wisdom Marine will take delivery of two panamax newbuildings later this year and the company said it has already secured charter contracts for the two vessels.

According to the company, a total of 56 vessels in its fleet will change contracts this year which will see an average rate growth of 5.82%, lower than a previous estimation of 13%, and it believes the dry bulk market will gradually improve from the second half of this year. Going forward, Wisdom Marine will focus on the investment in panamax and handysize vessels.

Wisdom Marine currently operates a fleet of 130 vessels, including 119 self-owned vessels, and it also has 13 newbuildings on order currently.

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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