Songa Bulk sights capesize number three

Oslo Axess-listed owner believed to be targeting a Greek-owned bulker in latest S&P move.

Norwegian asset play venture Songa Bulk is set to switch back to its buying cap after selling one of its supramaxes earlier this week.

Talk in shipbroking circles is that Oslo-listed Songa is closing in on the 181,300-dwt Cape Claudine (built 2011).

Songa to sell supramax as fundraising continues

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A price of around $31m is said to be under negotiation for the STX-built bulker, which is presently in the fleet of Stamatis Molaris-led Empire Bulkers.

Songa has bought 15 vessels since it was set up by Arne Blystad last year and today revealed its first sale.

It came at the same time as the company tapped a further $18m from a bond maturing in 2022.

Songa has two other capesizes to its name, the 179,000-dwt Songa Mountain (built 2009) and Songa Opus (built 2010).

The former has just been enlisted in the Capesize Chartering system, while the Songa Opus is in time charter

Empire is a division of Alma Maritime and was an active buyer during the market trough last year.