According to Port News, Chinese supramax bulker specialist Fujian Highton Development has made its entry into the capesize market by acquiring the 178,000-dwt Alpha Prudence, built in 2008, from Wallace Navigation Corp for $24.75 million. The vessel was previously owned by Athens-based Alpha Bulkers Shipmanagement.
Expansion into Capesize Market
Fujian Highton’s acquisition marks its first move into the capesize sector, a significant step in expanding its presence in the bulk carrier market. The deal allows the company to diversify its operations beyond the supramax segment, broadening its capacity to handle larger bulk shipments.
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Source: Port News
