UAE’s Transworld Group announced the acquisition of 2011-built handy bulker Asahi Maru from Japanese owner Yokoyama Kaiun, says an article published in Splash 247.
Acquisition details
Vessel name & value
The Japanese-built 47,100 dwt vessel has been renamed TBC Passion. No price was given for the sale, while VesselsValue placed a valuation on the vessel of $11.57m.
Transworld Group has been expanding its bulker fleet recently.
Strong bulker market
The company said the recent investments are a result of its strong belief in the bulk carrier market and handle, while it also plans to keep a close eye on the S&P markets for further opportunities.
“This new addition to the fleet will further entrench our global footprint of ship owning in the dry bulk/ container segment and deployment, which is a result of strong fundamentals and confidence in the growth of the shipping and logistics sector,” said Ramesh Ramakrishnan, Chairman of Transworld Group.
Previous acquisitions
This latest acquisition is shortly after the company buying another handy bulker Turquoise Ocean, from another Japanese owner Santoku Senpaku.
Current fleet info
The fleet of Transworld Group now stands at 25 vessels.
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Source: Splash247
