Pan Ocean picks off former Hanjin pair

South Korean owner believed to be the buyer of kamsarmax brace in $42m deal.

South Korea’s Pan Ocean is being linked to a purchase of two Tsuneishi-built kamsarmax bulkers from the fleet of collapsed owner Hanjin Shipping.   

Pan Ocean is said to have paid $21m each for the 82,000-dwt Hanjin Hadong and the Hanjin Port Kamsar (both built 2012).

UK-based online platform VesselsValue says the ships are worth $20.4m a piece. 

Last month Songa Bulk bought the one-year older STX built 80,000-dwt Flama (built 2011) for just $14.8m. 

Clarksonsis handling the sale of six ex-Hanjin bulkers on behalf of  Korea Development Bank  (KDB). 

TradeWinds weekly reports today that both Pan Ocean and Morgan Stanley are in the picture to buy some of the ships.



Buying interest sizzles over six former Hanjin bulkers up for sale

Two kamsarmaxes are in focus right now, with the full set of six bulkers slated to go for a total of $130m to $140m

16 Mar 18:00 GMT