market_report Dry bulk Markets & trade Splash247
Zhangjiagang Oceanicwit Shipping is on a relentless shopping spree, showing no signs of slowing down. Within weeks, the Chinese bulker operator, with over 20 vessels in its fleet, has secured two more ageing capesize vessels from prominent Greek sellers. Splash can reveal that at the end of August, it acquired the 18-year-old Maran Prosperity from Maran Dry, renaming it Leone Future for $21.5m. This marks its second purchase of a Shanghai Waigaoqiao Shipbuilding-built capesize since May. Splash can also reveal that Oceanicwit finalised another deal last week with Petros Pappas-led Star Bulk Carriers. This acquisition is for the 176,300 dwt scrubber-fitted Star Triumph (built-in 2004) for $20m. Oceanicwit’s aggressive bidding behaviour this year has seen it bringing its cape arm up to six vintage capes to its fleet. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });
Chinese player rapidly builds up vintage cape arm
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