Graig to exit shipowning with sale of last vessels in centenary year

Graig Shipping is selling its last two handysize bulkers, which will see the Welsh company exit shipowning at the end of its centenary year.

The private Cardiff-based company has agreed to sell the 34,898-dwt sisterships Graig Rotterdam and Graig Cardiff (both built 2012) by the end of 2019, with proceeds going towards paying off creditors and an outstanding loan from ABN Amro.