It has been nearly a year-and-a-half since Buana Lintas Lautan (BULL) president-director Kevin Wong first indicated to TradeWinds that he was interested in diversifying from tankers into dry bulk.
He believes the timing may now be right for the company to make this long-awaited move.
Prices for bulkers aged between 10 and 15 years — the kind BULL is interested in buying — have come down significantly, and the market is flooded with plenty of Japanese-built tonnage that owners are seeking to shed as they come off long-term charters.
