Zodiac takes another newcastlemax

Zodiac takes another newcastlemax

A trio of vintage Universal-built newcastlemaxes starting with the Azul suffix have been attracting plenty of attention in the secondhand market in recent months.

A third sister ship has just been sold in quick succession with Zodiac Maritime paying $15.8m for the 14-year-old bulker Azul Fortuna. Zodiac beat out four other companies for the ship, which has a drydocking due in July next year.

A month ago the one year older Azul Integra was sold for $15.6m to Hong Kong’s Xin Yuan Enterprises while the sister Azul Challenge was sold for $16.8m in September, also to Zodiac Maritime, after a lengthy bidding process.

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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