Vietnam’s Hoa Phat Group has been lively this yr, including one ship after one other so as to add to its booming metal enterprise.
Hoa Phat Group has emerged because the taker of an 80,000 dwt kamsarmax, in-built 2017, named Lena B, from Japan’s Kambara Kisen. The ship has been renamed The Prosperity. The vessel was offered for $35m.
The acquisition is a part of the group’s improvement technique to fulfill inner transportation wants particularly when the second section of the corporate’s mill at Dung Quat challenge is accomplished.
Hoa Phat Group purchased its first two ships this spring, utilizing its transport arm Hoa Phat Transport Joint Inventory Firm, including the 11-year-old, 88,000 dwt The Evolution for $12.7m and the eight-year-old, 80,000 dwt The Concord for $16.5m.