April 14

Wisdom Marine ships out bulker brace

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Dry CargoGreater China
Wisdom Marine

Taiwanese owner and operator Wisdom Marine has confirmed the sale of two Japanese-built bulkers for about $36m in total.

The Taipei-based company is offloading the 2011 Shin Kasado Dock-built ultramax Amis Wisdom III and the 2015 Shimanami-built handysize Bunun Hero.

The ultramax is going to China’s Arm Shipping for about $17.5m, while Turkey’s Manta Shipping has picked up the handy for $18.5m.

Wisdom said it is looking at a profit of up to $8.6m from the transactions.

Taiwan’s largest dry bulk shipowner has a fleet of over 140 vessels with a series of handysize newbuilding projects lined up across Japanese yards.

The company most recently ordered a pair of 39,000 dwt ships at Naikai Zosen for up to $70.75m. In addition to handies, Wisdom also booked two kamsarmaxes at Tsuneishi Shipbuilding last year for delivery in 2026.

The post Wisdom Marine ships out bulker brace appeared first on Energy News Beat.

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