Complete Maritime Profile & Reviews of Fu-Hua

In a notable trend throughout 2023, Bangladeshi shipping companies have been actively acquiring vintage Japanese-built vessels, and this week Bashundhara Group continues this momentum with the purchase of a supramax bulker. The company has finalized a deal for Pacific Carriers Ltd's (PCL) well-established vessel, the Atlantic Mazatlan, which boasts a deadweight tonnage of 50,300 dwt. The sale price for this ship was reported at $4.7 million. To provide some context, PCL previously acquired the vessel for over $14.3 million back in 2012. This acquisition marks yet another significant step in Bashundhara's shipowning strategy, which has seen them collaborating with Singaporean shipowners in recent transactions. Just a few months earlier, in July, Bashundhara purchased another vintage PCL supramax, the Oshima-built Atlantic Altamira, with a dwt of 51,000, for nearly $4 million, subsequently rebranding it as Worldera 1. Additionally, the company took possession of the 48,000 dwt bulker Blue Sapphire for around $3 million, which has been reflagged as Worldera 2. As Bashundhara Group continues to expand its fleet, the maritime industry is keenly watching its strategic moves in the secondhand market.

In a significant development within the maritime industry, a vessel has been successfully sold to Bangladeshi buyers for a price tag of $4.5 million. This transaction marks another pivotal moment in the ongoing growth of ship sales in the region. Further details regarding the vessel's specifications and previous ownership are anticipated as the maritime community watches closely.