Seacon snaps up seven Baltic Shipping bulkers

China’s Seacon Shipping has expanded its fleet through a €63.7m ($66.5m) deal for seven modern mini bulkers.

The Hong Kong-listed company said in a filing it had purchased the Baltic Fin, Baltic Grain, Baltic Moon, Baltic Wind, Baltic Steel, Baltic Sun and the Baltic Split from Baltic Shipping at $9.1m each.

The 3,800-3,900 dwt vessels were built between 2022 and 2024 and should join Seacon’s fleet between April and the beginning of June.

The Qingdao-based owner and operator has been focused on renewing and diversifying its fleet, especially in the tanker segment with several newbuilds, while letting go of some of its bulkers. However, last October the company also took over six 5,200 dwt multipurpose dry cargo newbuildings from Union Marine in a $63.9m deal. These ships are being built at Jiangsu Dajin Heavy Industry for delivery between March 2026 and 2027.

“The acquisition of the vessels under the agreements is in line with the ongoing strategy of the group to optimise its vessel fleet by gradually phasing out its older controlled vessels and replacing them with newer vessels, as well as to expand the group’s controlled vessel fleet,” Seacon said in a release.