Bulkers

Chinese owners dominate Asian S&P in first quarter

Over 300 vessels changed hands, primarily bulkers and tankers, in deals involving assets worth almost $8bn

During the first quarter of 2024, Chinese shipowners invested over $2.3bn in purchasing 74 secondhand vessels, nearly tripling the expenditure of the second-largest spenders.
During the first quarter of 2024, Chinese shipowners invested over $2.3bn in purchasing 74 secondhand vessels, nearly tripling the expenditure of the second-largest spenders.Photo: Bloomberg
TradeWinds correspondentSingapore
Published 16 April 2024, 02:28Updated 16 April 2024, 15:19
Sale and purchaseVeson NauticalSinokor Merchant MarineChina