Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Transworld bulks up with handysize buy

Photo: Scott Graham - Unsplash Scott Graham - Unsplash.jpg
Indian shipowner Transworld Group is continuing to grow its dry bulk fleet with acquisition of a handysize vessel.

Transworld has acquired the Japanese-built, 38,215 dwt handysize bulker Asahi Maru to be renamed TBC Passion.

It follows the recent acquisition of another 38,000 dwt Japanese owned handysize bulker Turquoise Ocean, which has been renamed TBC Prime.

“The capex investments are a result of the company’s strong belief in the bulk carrier markets and specifically the smaller workhorse handies,” Transworld said.

Traditionally known as a container feeder operator the latest deals bring Transworld’s dry bulk fleet up to five vessels. The company said it was keeping its eye on the sale and purchase market for further opportunities in the segment.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish