Seacon Shipping has signed a vessel acquisition agreement with Baltic Shipping through its indirect wholly-owned subsidiary, Seacon Marine. Under this agreement, Seacon will acquire seven bulk carriers, each with a gross tonnage of 2,518 tons, for €9.1 million per vessel.
Details of the Acquisition
- Seller: Baltic Shipping (via its wholly-owned subsidiary)
- Buyer: Seacon Marine (an indirect wholly-owned subsidiary of Seacon Shipping)
- Number of Vessels: 7
- Names of Vessels:
- Baltic Fin
- Baltic Grain
- Baltic Moon
- Baltic Split
- Baltic Steel
- Baltic Sun
- Baltic Wind
- Build Years:
- 5 vessels (2023)
- 1 vessel (2022)
- 1 vessel (2024)
- Expected Delivery: Between April 1, 2025, and June 1, 2025
About Baltic Shipping
- Founded: 1950
- Market Position: Among the top five shipping companies in short-sea shipping in Europe
- Main Routes: Baltic Sea and Mediterranean
- Specializations:
- Chartering
- Ship agency
- Ship management
- Project cargo
- Ship operations
- Loading & unloading of commodities
- Fleet: Over 95 dry bulk vessels (1,100 – 14,000 dwt)
Strategic Significance of the Acquisition
Seacon Shipping views this acquisition as a key step in optimizing its fleet, replacing older vessels with newer, more efficient ones. The move aligns with the company’s strategy to expand its controlled fleet, thereby:
- Enhancing operational capacity to meet growing freight demand
- Improving competitiveness in the shipping industry
- Attracting large market players who prioritize fleet size and vessel condition when selecting service providers
This acquisition marks an important milestone for Seacon Shipping in strengthening its market position and service capabilities.
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Source: i MARINE
