Berge Bulk Linked to Acquisition of Capesize Quartet

Singapore bulker owner Berge Bulk has been tied to the acquisition of four bulk carriers, Clarksons Platou Shipbroking said in a weekly report.

Based on the report, the company is spending USD 98 million on the fleet expansion.

The Capesizes in question are 2011-built New Shanghai and New Huzhou, and 2010-built New Quzhou and New Taizhou.

Data from VesselsValue shows that in addition to the quartet bought from Cosco Shipping Bulk, Berge Bulk has one more purchase to be delivered, namely, the 177,000 dwt Capesize vessel Ocean Clarion.

The 2009-built bulker was bought from NYK Line and is valued at USD 25.27 million.

When asked to comment on the report, Berge Bulk spokesperson said it was “unable to comment on any market or fleet specifics. “

Starting out with 12 vessels in 2007, Berge Bulk has more than quadrupled the size of its original fleet. Today the company’s fleet comprises over 70 bulkers, equating to over 15 million dwt in the water.

In addition, the bulker owner and operator has six newbuild Capesizes on order set for delivery in 2019 and 2020. Two 300,000 dwt Capesizes are taking shape at Chinese shipbuilder CSSC Guangzhou Longxue and the remaining four are being built by Bohai Shipbuilding.

World Maritime News Staff