Shanghai financial start-up Front Line Capital is making its debut as a shipowner, buying two supramaxes, including one from Hong Kong’s Wah Kwong Maritime Transport.
Wah Kwong officials confirm only that private and confidential discussions have been held with several potential buyers for the Chengxi-built, 53,500-dwt Sabrina Venture (built 2010), including “a buyer based in Shanghai”.
Market sources say the ship is going to Su Ning-led Front Line Capital.
