Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd has secured a notable resale price for a Chinese-built handysize bulk carrier, as Seacon Shipping Group Ltd continues to manage Seacon Shipping Group Ltd’s fleet and capital strategy through selective asset transactions. Chief Executive Officer Guo Jinkui-led shipowner and operator Seacon Shipping Group Ltd has reported a deal involving UK-based Khaled Jaohar, with Seacon Shipping Group Ltd selling a newly built bulk carrier to release capital for further ship purchases and future fleet investment. Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd said the 40K DWT handysize bulk carrier MV Seacon Colombo, built in 2026, has been sold for about $35.6 million. The disposal allows Seacon Shipping Group Ltd to capture strong value from a modern handysize bulk carrier while improving Seacon Shipping Group Ltd’s liquidity and creating more room for new shipping opportunities. Seacon Shipping Group Ltd is a Chinese shipowner and operator listed in Hong Kong, with operations built around shipowning, ship management, and maritime transportation services. Seacon Shipping Group Ltd has expanded Seacon Shipping Group Ltd’s position in dry bulk shipping by owning and operating ships used in commodity trades across Asia and broader international routes. Seacon Shipping Group Ltd’s business is closely tied to the movement of raw materials, industrial cargoes, grains, coal, steel products, construction materials, and other bulk commodities that support manufacturing, infrastructure development, energy generation, and regional trade. As a Qingdao-based maritime group, Seacon Shipping Group Ltd operates from one of China’s key shipping and commodity centres. Qingdao and the wider Shandong maritime region play an important role in Chinese dry bulk activity, port operations, shipbuilding, industrial logistics, and commodity flows, giving Seacon Shipping Group Ltd access to a strong maritime network, shipyard relationships, technical resources, chartering links, and commercial opportunities. Seacon Shipping Group Ltd’s Hong Kong listing also gives Seacon Shipping Group Ltd visibility in capital markets and connects Seacon Shipping Group Ltd with investors following Asian shipping, Chinese maritime groups, and dry bulk asset investment. The sale of MV Seacon Colombo shows Seacon Shipping Group Ltd’s readiness to use asset sales as part of Seacon Shipping Group Ltd’s wider fleet strategy. Instead of keeping every newbuilding that enters Seacon Shipping Group Ltd’s pipeline, Seacon Shipping Group Ltd can sell selected ships when values are attractive and then redirect the proceeds into other ship acquisitions or fleet-development opportunities. Capital recycling is a valuable tool in shipping because ship prices can shift sharply with freight rates, charter demand, newbuilding costs, interest rates, shipyard availability, and investor sentiment. By selling the 2026-built 40K DWT handysize bulk carrier MV Seacon Colombo for about $35.6 million, Seacon Shipping Group Ltd is turning a modern newbuilding position into cash at a time when demand for efficient handysize bulk carrier tonnage remains firm. Handysize bulk carriers such as MV Seacon Colombo are important in dry bulk shipping because handysize bulk carriers can trade in a wide range of ports and carry many different cargoes. With capacity of about 40K DWT, MV Seacon Colombo is suitable for regional routes, smaller ports, and cargo movements that do not require larger bulk carriers. Handysize bulk carriers are widely used for grains, minor bulks, steel products, fertilisers, cement, logs, minerals, construction materials, and other parcel-sized dry bulk cargoes. Their operational flexibility makes handysize bulk carriers valuable in trades where port draft limits, berth restrictions, cargo parcel size, or regional distribution needs favour smaller and more adaptable ships. For Seacon Shipping Group Ltd, exposure to this sector supports a business model linked to practical and diversified dry bulk demand rather than only the largest iron ore and coal trades. Buyer interest in MV Seacon Colombo also underlines the appeal of modern handysize bulk carrier tonnage, especially when ships offer recent construction, efficient design, and broad trading flexibility. Newer bulk carriers are increasingly attractive to owners and charterers because newer bulk carriers can deliver better fuel performance, lower maintenance costs, stronger regulatory compliance, and more competitive long-term employment prospects. As shipping faces stricter emissions rules and rising pressure to improve carbon intensity, modern eco-efficient ships can attract stronger demand than older tonnage. Seacon Shipping Group Ltd’s ability to achieve a high resale price for MV Seacon Colombo indicates that Seacon Shipping Group Ltd has been able to capture value from the ship’s young age, modern specifications, and the market’s appetite for efficient handysize bulk carrier capacity. Seacon Shipping Group Ltd’s approach also fits a wider pattern among Asian shipowners that actively balance newbuilding contracts, secondhand acquisitions, fleet disposals, and chartering opportunities. In cyclical shipping markets, timing is often as important as fleet size. Shipowners that sell assets when values are strong can reinforce balance sheets and preserve the ability to buy again when more attractive opportunities appear. Seacon Shipping Group Ltd’s sale of MV Seacon Colombo appears aligned with this asset-management approach, allowing Seacon Shipping Group Ltd to recycle capital while keeping Seacon Shipping Group Ltd positioned for additional purchases. For a listed shipowner and operator such as Seacon Shipping Group Ltd, this kind of transaction can also show investors that Seacon Shipping Group Ltd is not pursuing fleet growth for its own sake, but is instead making selective decisions about capital allocation, ship values, and long-term returns. Chief Executive Officer Guo Jinkui-led shipowner and operator Seacon Shipping Group Ltd continues to strengthen Seacon Shipping Group Ltd’s profile as an active Chinese shipping group focused on dry bulk operations and ship investment. The transaction involving UK-based Khaled Jaohar adds to Seacon Shipping Group Ltd’s record of using market opportunities to adjust fleet composition and redeploy capital. In shipping, the ability to act quickly on asset transactions can be an important advantage because newbuilding slots, resale prices, secondhand values, and chartering conditions can change rapidly. Seacon Shipping Group Ltd’s disposal of MV Seacon Colombo is therefore more than the sale of one ship; it forms part of a broader strategy to manage market exposure, liquidity, renewal options, and investment timing in a sector where flexibility is essential. The deal also highlights the continued acceptance of Chinese-built bulk carrier tonnage in the international resale market. Chinese shipyards have become major builders of dry bulk carriers across many size categories, and modern Chinese-built ships are now widely bought and sold by international owners. For Seacon Shipping Group Ltd, access to Chinese-built tonnage can provide advantages in cost, delivery timing, shipyard relationships, and fleet planning, while resale deals can appeal to buyers looking for modern ships without waiting for distant newbuilding delivery slots. The sale of a 2026-built 40K DWT handysize bulk carrier for about $35.6 million shows that prompt, modern dry bulk tonnage can still achieve strong values when buyers want near-term fleet capacity. Seacon Shipping Group Ltd’s latest transaction gives Seacon Shipping Group Ltd additional financial flexibility at a time when dry bulk shipowners are weighing future cargo demand, fleet growth, newbuilding prices, financing costs, environmental regulation, and market volatility. If Seacon Shipping Group Ltd uses the proceeds for further ship purchases, Seacon Shipping Group Ltd may be able to target assets that better fit Seacon Shipping Group Ltd’s chartering strategy, fleet age profile, and expected market opportunities. The sale strengthens Seacon Shipping Group Ltd’s ability to remain active in the handysize bulk carrier and wider dry bulk asset market, while showing that Seacon Shipping Group Ltd is prepared to convert strong asset values into cash when the timing is favourable. 1-June-2026
Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd-linked two kamsarmax bulk carriers have reportedly achieved solid prices in the S&P (Sale and Purchase) market, highlighting continued buying interest in modern dry bulk tonnage tied to one of China’s more aggressive fleet investors. Market sources indicate that the Marshall Islands-flagged 2023-built kamsarmax bulk carrier 85K DWT MV Seacon Vancouver and 2023-built kamsarmax bulk carrier 85K DWT MV Seacon Oslo have each been sold for around $36 million to undisclosed shipowners, a level broadly consistent with prevailing valuations for young eco bulk carriers and a further sign that Seacon Shipping Group Ltd remains willing to realise value from modern assets while pressing ahead with a broader programme of fleet renewal. The reported transactions fit closely with the commercial strategy pursued by Seacon Shipping Group Ltd under Chief Executive Officer Guo Jinkui, as the group continues reshaping its portfolio through a mix of disposals, acquisitions, joint venture participation, and fresh newbuilding commitments rather than maintaining a static fleet profile. Seacon Shipping Group Ltd presents itself as an integrated shipping services provider involved in vessel investment, operation, and management, with activities extending across shipping services and ship management services, and its broader pattern suggests a business model built around acquiring ships at favourable points in the cycle, operating and managing them efficiently, and then selling selected units when asset prices become attractive. That approach helps explain why the disposal of MV Seacon Vancouver and MV Seacon Oslo matters for more than the headline prices alone. Seacon Shipping Group Ltd is not merely rotating out ageing tonnage. The group has been actively upgrading the overall quality, size, and age profile of its fleet, while expanding its footprint across different segments of the shipping market. By the end of 2025, Seacon Shipping Group Ltd controlled 36 vessels and held investments in 12 additional vessels through joint ventures, taking combined carrying capacity to about 1.70 million dwt, a sharp increase from the previous year, while the average fleet age fell significantly, underscoring how quickly the group has been modernising. Its fleet composition spans bulk carriers, oil and chemical tankers, and other ship types, showing that Seacon Shipping Group Ltd is not narrowly dependent on one segment but is building a broader maritime platform with exposure to multiple cargo markets. The financial picture reinforces that sense of expansion. Revenue increased in 2025 compared with the previous year, although profit attributable to shareholders declined, reflecting a more difficult freight environment together with higher operating and financing costs as Seacon Shipping Group Ltd continued investing through the cycle. Even so, the balance sheet expanded substantially, with total assets rising markedly year on year, indicating that the group has remained firmly committed to growth despite weaker market conditions. The scale of future commitments also shows that Seacon Shipping Group Ltd’s expansion is far from complete. The group still has sizeable capital commitments tied mainly to vessels under construction, with deliveries scheduled across 2026, 2027, and 2028, making clear that the latest kamsarmax sales should be seen as part of a broader capital recycling strategy rather than as isolated disposals. That pipeline adds weight to the view that Seacon Shipping Group Ltd is using the secondhand market not simply to monetise assets, but to support a longer-term restructuring of its fleet toward newer and more competitive tonnage. At the same time, Seacon Shipping Group Ltd has built a substantial ship management business alongside direct shipowning, giving it additional revenue streams beyond freight exposure alone. The group’s activities in technical management, crew manning, business services, S&P (Sale and Purchase) support, and insurance-related services provide a wider commercial base and allow Seacon Shipping Group Ltd to participate across several layers of the maritime value chain. That broader operating structure gives extra significance to the sale of the two kamsarmax bulk carriers. Seacon Shipping Group Ltd is not simply taking advantage of firm prices for two modern ships. It is operating from a platform that combines asset trading instincts, ship management capability, access to listed capital markets, and long-term shipbuilding relationships, enabling the group to adjust fleet composition quickly when market opportunities emerge. Against that backdrop, the sale of MV Seacon Vancouver and MV Seacon Oslo for approximately $36 million each appears less like a standalone S&P (Sale and Purchase) event and more like another step in Seacon Shipping Group Ltd’s wider effort to modernise the fleet, unlock value from well-timed disposals, and redeploy capital into the next stage of expansion. For a Hong Kong-listed owner still increasing scale, still reducing average fleet age, and still carrying a meaningful newbuilding pipeline, the two kamsarmax transactions underline that Seacon Shipping Group Ltd remains highly active, commercially adaptable, and fully prepared to use the S&P (Sale and Purchase) market as a central tool of fleet strategy rather than merely a place for occasional sales. 7-April-2026
Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd is accelerating its fleet development strategy through a roughly $44 million investment in four multipurpose ship (MPP) newbuildings, a move that highlights Seacon Shipping Group Ltd’s continued commitment to expansion, renewal, and greater operating flexibility across its maritime activities. The transaction will see Seacon Shipping Group Ltd step into existing construction agreements for the vessels at Jiangsu Dajin Heavy Industries, allowing Seacon Shipping Group Ltd to enlarge its fleet through an efficient acquisition structure while further strengthening its position as an active and growth-minded shipowner and operator. This latest investment reflects more than a simple increase in fleet numbers. It demonstrates Seacon Shipping Group Ltd’s broader intention to improve the quality, profile, and long-term earning capacity of its fleet through the addition of modern tonnage suited to a wide variety of cargo trades. The four multipurpose ships (MPPs) will provide Seacon Shipping Group Ltd with additional carrying capacity in a segment valued for its commercial adaptability, especially in markets where cargo requirements are diverse and where operational flexibility can create a meaningful competitive advantage. By adding these vessels, Seacon Shipping Group Ltd is enhancing its ability to participate in a broader range of trading opportunities while also improving the overall balance of its fleet portfolio. The deal also underlines the fleet renewal programme being advanced under the leadership of Seacon Shipping Group Ltd president Guo Jinkui, who has been associated with efforts to modernise and strengthen the company’s tonnage base. For Seacon Shipping Group Ltd, the emphasis is not only on growth in size, but also on the benefits that come with newer ships, including stronger commercial appeal, improved efficiency, easier compliance with evolving regulatory standards, and potentially lower maintenance demands over time. As a listed shipping group with operational roots in China, Seacon Shipping Group Ltd is seeking to combine scale, market presence, and asset quality in a way that supports long-term competitiveness. The decision to commit around $44 million to four multipurpose ship (MPP) newbuildings indicates that Seacon Shipping Group Ltd sees continued value in disciplined fleet investment and in securing vessels that can serve changing cargo patterns with greater agility. Rather than waiting for entirely new construction positions, Seacon Shipping Group Ltd has chosen to take over existing contracts, a structure that may offer more favourable timing, quicker access to delivery slots, and a practical route to expansion in a competitive shipbuilding environment. This approach suggests that Seacon Shipping Group Ltd is pursuing fleet growth with a clear commercial logic, balancing opportunity, timing, and strategic need. In a market where shipowners are increasingly focused on modern tonnage and flexible assets, Seacon Shipping Group Ltd’s latest acquisition points to a deliberate effort to shape a newer and more capable fleet. The addition of these four multipurpose ships (MPPs) strengthens Seacon Shipping Group Ltd’s operating platform, broadens its cargo-carrying options, and reinforces the company’s standing as a shipowner and operator actively investing in its future. 27-March-2026
Athens-based shipowner and operator Dexter Navigation Ltd has returned to the S&P (Sale and Purchase) market by striking a kamsarmax bulk carrier deal with Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd, ending a two-year pause in ship buying and highlighting Dexter Navigation Ltd’s renewed interest in modern dry bulk ship tonnage. The Panapoulos family-owned shipowner and operator Dexter Navigation Ltd is said to be paying about $27 million for the 82,000 DWT kamsarmax bulk carrier Mv Seacon Shanghai (built 2019), acquired from Hong Kong-listed CEO Guo Jinkui-led shipowner and operator Seacon Shipping Group Ltd. Hong Kong-listed CEO Guo Jinkui-led shipowner and operator Seacon Shipping Group Ltd previously took delivery of the 82,000 DWT kamsarmax bulk carrier Mv Seacon Shanghai from Huangpu Wenchong Shipyard, and the change of ownership now places the ship under the control of Dexter Navigation Ltd as Dexter Navigation Ltd expands its dry bulk footprint. Dexter Navigation Ltd, a Piraeus-headquartered shipowner and operator established in 2019, positions Dexter Navigation Ltd as a ship management and operating platform with interests spanning bulk carriers as well as oil and chemical tankers, and Dexter Navigation Ltd emphasizes disciplined technical oversight, charterer-focused operations, and structured safety and environmental practices across the ships it manages. Dexter Navigation Ltd’s fleet profile has included dry bulk ship exposure through panamax bulk carrier Mv Johnny P (74,540 DWT, built 2001), panamax bulk carrier Mv Johnny Cash (75,149 DWT, built 2007), and supramax bulk carrier Mv Daria (56,670 DWT, built 2012), and the addition of Mv Seacon Shanghai adds a newer-built kamsarmax bulk carrier ship to Dexter Navigation Ltd’s lineup. By taking on Mv Seacon Shanghai, Dexter Navigation Ltd strengthens Dexter Navigation Ltd’s ability to compete in the versatile mid-size bulk carrier segment, where a well-specified ship can access a wide range of ports and cargo programs, and the move suggests Dexter Navigation Ltd is positioning for broader optionality in trading patterns while staying alert to S&P (Sale and Purchase) market openings for attractively priced ship assets. 2-January-2026
Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd lines up six ultramax bulk carrier resales as part of a broader effort to recalibrate Seacon Shipping Group Ltd’s forward fleet renewal and contract portfolio. CEO Guo Jinkui-led shipowner and operator Seacon Shipping Group Ltd has opted to adjust its newbuilding pipeline by stepping into existing shipbuilding slots for six ultramax bulk carriers and pairing the takeover with long-dated leaseback funding designed to keep upfront cash requirements manageable while maintaining control over the ships from delivery onward. Seacon Shipping Group Ltd disclosed that Seacon Shipping Group Ltd has executed novation agreements that transfer to Seacon Shipping Group Ltd all rights and obligations under the original shipbuilding contracts covering six 63K DWT ultramax bulk carriers to be constructed at Nantong Xiangyu Shipbuilding & Offshore Engineering, with the six ultramax bulk carrier newbuildings set for delivery in a staggered sequence from January 30 to November 30, 2027. Through the novation structure, Seacon Shipping Group Ltd agreed to acquire the six ultramax bulk carrier newbuildings at an aggregate price of roughly $199 million, while the prior buyer assigned the contracts at nil consideration because the prior buyer had not made any instalment payments under the initial agreements, effectively allowing Seacon Shipping Group Ltd to capture the build positions without paying a premium for paid-in progress. The prior buyer was a Marshall Islands-incorporated joint venture owned on a 50/50 basis by Seacon Shipping Group Ltd and Aurora Ships, and Aurora Ships is ultimately controlled by Liu Renchuan, meaning the contracts were previously held inside a partnership structure connected to Seacon Shipping Group Ltd’s wider investment framework. To finance the acquisition, Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd put in place 15-year sale-and-leaseback arrangements with Minsheng Financial Leasing, with the finance leases running 180 months from delivery and the resulting net proceeds earmarked to meet the shipbuilding costs as the newbuildings deliver, a setup that can align funding drawdowns with yard payment milestones and smooth Seacon Shipping Group Ltd’s balance-sheet planning across the delivery window. Seacon Shipping Group Ltd also noted that Seacon Shipping Group Ltd’s chartering subsidiaries will have purchase options attached to each ultramax bulk carrier during the lease term and will be required to buy back the ultramax bulk carriers at the end of the charter period at pre-agreed prices, giving Seacon Shipping Group Ltd operational flexibility over the ships throughout the lease while providing a defined end-point for ownership reversion. The transaction comes against the backdrop of Seacon Shipping Group Ltd’s recent decision to exit a separate package of six 5,200 DWT multipurpose ship newbuilding contracts that were transferred to German shipowner Gerdecon, underscoring that Seacon Shipping Group Ltd is actively reallocating capital and construction exposure toward the segment and timeline Seacon Shipping Group Ltd prefers, while using contract transfers, novation mechanics, and structured lease financing to reshape Seacon Shipping Group Ltd’s orderbook and long-term ship deployment plans. 2-January-2026
Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd is poised to record a gain of roughly $12 million from the sale of one of its baby capesize bulk carriers, marking another milestone in its active fleet renewal and portfolio management strategy. The 2006-built baby capesize bulk carrier MV Seacon Africa, with a deadweight tonnage of approximately 105,000 DWT, is presently on a bareboat charter from Mi-das Line, a wholly owned subsidiary of the Japanese shipowner Doun Kisen KK (also known as Doun Kisen Co. Ltd). The sale reflects Seacon Shipping Group Ltd’s ongoing approach to maintaining a modern, efficient fleet and optimizing its asset base in line with shifting market conditions. Led by Chief Executive Officer Guo Jinkui, Seacon Shipping Group Ltd has emerged as one of the most dynamic mid-sized shipowners in China, with a diversified fleet consisting of handymax, supramax, ultramax, and capesize bulk carriers. The Qingdao-headquartered and Hong Kong-listed Seacon Shipping Group Ltd has been steadily strengthening its position in the global dry bulk market through strategic sales and acquisitions, newbuilding programs, and long-term charter agreements. The shipowner has been particularly active in Japan, commissioning a new series of handymax bulk carriers from reputable Japanese shipyards. Among these is the Tsuneishi-built MV Seacon Liverpool, which was launched in January 2025 and reflects the shipowner’s focus on efficiency, sustainability, and operational reliability. In addition to the sale of the baby capesize bulk carrier MV Seacon Africa, Seacon Shipping Group Ltd is also planning to sell a newcastlemax bulk carrier for about $22.7 million to Chinese shipowner and operator Tianjin Global Shipping, further optimizing its fleet composition to balance capacity and profitability. Seacon Shipping Group Ltd, founded in Qingdao and listed on the Hong Kong Stock Exchange, has evolved from a regional shipping enterprise into an internationally recognized dry bulk operator with a strong presence across Asia, Africa, and South America. The shipowner specializes in the transportation of key commodities such as coal, iron ore, grains, and fertilizers, serving a wide network of charterers and trading houses. Under Guo Jinkui’s leadership, Seacon Shipping Group Ltd has pursued a disciplined growth strategy that combines operational flexibility, commercial innovation, and close collaboration with shipbuilders and financiers. The firm’s long-term partnerships with major Japanese shipowners such as Doun Kisen KK and prominent Chinese operators like Tianjin Global Shipping have positioned it as a bridge between East Asian maritime markets. Furthermore, Seacon Shipping Group Ltd has been investing in environmentally friendly technologies and digital ship management systems, aligning its operations with the International Maritime Organization’s emissions reduction goals. Its diversified fleet strategy—mixing long-term chartered ships with owned tonnage—has allowed it to adapt quickly to changing freight market dynamics while maintaining stable cash flow and profitability. With a strong reputation for safety, technical management, and reliable service, Seacon Shipping Group Ltd continues to build on its foundation as one of China’s most ambitious publicly traded shipowners, strategically balancing growth, sustainability, and global competitiveness in the evolving dry bulk shipping landscape. 6-November-2025
Qingdao-based and Hong Kong Stock Exchange-listed shipowner and operator Seacon Shipping Group Ltd has unveiled an ambitious step into the container shipping and leasing market through the acquisition of a 40% equity stake in CIMC Xinde Leasing (Shenzhen), a container leasing subsidiary affiliated with China International Marine Containers (CIMC). The strategic investment, valued at approximately $67.6 million, includes an additional shareholder guarantee of $40.4 million, reflecting Seacon Shipping Group Ltd’s growing commitment to expanding its maritime service portfolio and deepening its involvement across multiple segments of the global shipping industry. Chief Executive Officer and President Guo Jinkui-led shipowner and operator Seacon Shipping Group Ltd continues to pursue a long-term strategy focused on diversification, modernization, and vertical integration within the maritime transport and logistics ecosystem. By acquiring a substantial stake in CIMC Xinde Leasing (Shenzhen) from Shenzhen Financial Leasing, Seacon Shipping Group Ltd is positioning itself at the intersection of ship ownership, container logistics, and financial leasing — a move that aligns with Guo Jinkui’s broader vision of transforming Seacon Shipping Group Ltd into a fully integrated, one-stop maritime service provider. Seacon Shipping Group Ltd, founded in Qingdao and headquartered in China’s Shandong Province, has emerged as one of the country’s most dynamic privately controlled shipping enterprises. The Hong Kong-listed shipowner and operator manages a diversified fleet comprising product tankers, crude oil tankers, bulk carriers, and multipurpose vessels, serving clients across major trade routes in Asia, the Middle East, and Europe. Through its subsidiaries and affiliated service divisions, Seacon Shipping Group Ltd provides a wide range of maritime solutions, including ship management, chartering, crew management, logistics coordination, and port operations. The expansion into container leasing represents a strategic extension of Seacon Shipping Group Ltd’s asset base, allowing it to integrate transport, financing, and logistics services under a unified operational structure. This development enhances Seacon Shipping Group Ltd’s financial flexibility and broadens its reach into sectors that complement its core shipping business, including ship finance and supply chain management. Over the past several years, Seacon Shipping Group Ltd has built a reputation for agile fleet renewal, investing heavily in modern, fuel-efficient ships built at leading Chinese and Japanese shipyards. The shipowner and operator maintains an extensive presence in both domestic and international shipping markets, with particular strength in clean product tanker and supramax bulk carrier operations. Under the leadership of Guo Jinkui, Seacon Shipping Group Ltd has also emphasized environmental sustainability, adopting energy-saving technologies and digital fleet monitoring systems designed to optimize operational performance while reducing emissions. These initiatives align Seacon Shipping Group Ltd with global decarbonization objectives and the International Maritime Organization’s (IMO) environmental compliance framework. The decision to acquire a stake in CIMC Xinde Leasing (Shenzhen) marks a strategic evolution for Seacon Shipping Group Ltd, enabling it to participate more directly in the growing global demand for container leasing and asset-backed logistics infrastructure. The investment not only expands Seacon Shipping Group Ltd’s financial exposure to containerized trade but also creates synergies with its existing shipping segments by offering cross-sector integration between dry bulk, tanker, and container logistics. As Guo Jinkui has stated publicly, Seacon Shipping Group Ltd’s long-term objective is to evolve into a comprehensive maritime service platform that combines fleet operations, ship financing, logistics solutions, and ship management expertise within a single, unified framework. With this transaction, Seacon Shipping Group Ltd reinforces its role as one of China’s most forward-looking and financially disciplined maritime enterprises. The move reflects a strategic shift toward a more diversified business model capable of withstanding freight market volatility while leveraging capital across multiple shipping and logistics sectors. By strengthening its connection with CIMC — a global powerhouse in container manufacturing and leasing — Seacon Shipping Group Ltd gains access to advanced asset management technologies, an extensive customer network, and new growth opportunities across global trade corridors. The acquisition also signals Seacon Shipping Group Ltd’s ambition to expand internationally beyond its traditional tanker and bulk carrier operations, positioning itself as an integrated shipping, logistics, and financial services powerhouse capable of shaping the future of Chinese maritime enterprise on the world stage. 6-October-2025
Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd’s net profit attributable to shareholders dropped 36.4% as a result of weaker shipping demand and mounting operational costs. CEO Guo Jinkui-led shipowner and operator Seacon Shipping Group Ltd partially cushioned the decline by generating $13.7 million through the sale of three ships. Bulker and tanker owner Seacon Shipping Group Ltd reported that net profit attributable to shareholders slid to $19.6 million in the first six months of 2025, compared to $30.7 million in the same period of 2024, according to its filing on the Hong Kong Stock Exchange. Revenue was marginally lower as well, dipping 0.3% to $137.4 million, underscoring the challenging environment faced by the shipping sector. Seacon Shipping Group Ltd, established in 2002 and headquartered in Qingdao, has developed into one of China’s leading private shipping enterprises with a diversified fleet that covers dry bulk carriers, oil tankers, and offshore support ships. Over the years, Seacon Shipping Group Ltd has pursued a strategy of combining traditional shipowning and operating with broader logistics and shipping services, enabling it to build a strong customer base both domestically and internationally. The Hong Kong Stock Exchange-listed shipowner and operator Seacon Shipping Group Ltd has a long-term focus on providing integrated marine transportation solutions, with chartering, ship management, and logistics services forming core parts of its business model. Its fleet expansion and renewal programs have consistently aimed at improving efficiency and meeting international environmental standards. Seacon Shipping Group Ltd has been actively involved in both regional and long-haul trades, particularly in routes connecting China to Southeast Asia, the Middle East, and Europe, leveraging its position to capitalize on China’s role as a key importer of energy and raw materials. Despite current market challenges and rising cost pressures, Seacon Shipping Group Ltd continues to reinforce its presence in the global shipping sector, while seeking opportunities in asset optimization, ship sales, and selective acquisitions to maintain competitiveness and shareholder value. 2-September-2025
Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd is continuing the expansion of its dry bulk fleet with the addition of a handysize bulk carrier newbuilding project in Japan. The project involves a single 40K handysize bulk carrier contracted by CEO Guo Jinkui-led shipowner and operator Seacon Shipping Group Ltd at Imabari Shipbuilding for approximately $35 million. Seacon Shipping Group Ltd stated that the handysize bulk carrier newbuilding will be designed for fuel efficiency and will comply with the latest environmental standards set by the International Maritime Organization. Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd expects to receive delivery of this 40K handysize bulk carrier in Q1 2028. This new order follows a recent ultramax bulk carrier newbuilding placed by Seacon Shipping Group Ltd at Tsuneishi Zhoushan and reflects the company’s strategy to modernise and grow its fleet by gradually retiring older controlled ships and replacing them with more advanced and environmentally efficient bulk carriers. Seacon Shipping Group Ltd, which holds an orderbook of nearly 30 ships, also has 40K handysize bulk carrier newbuildings under construction at Japanese shipyard Namura Shipbuilding Co. Ltd. for delivery in Q3 2025, in addition to 42K DWT handysize bulk carrier newbuildings contracted at Tsuneishi Group (Zhoushan) Shipbuilding Inc in China, with most newbuilding projects financed through sale and leaseback arrangements. The fleet operations of Seacon Shipping Group Ltd are managed by its key subsidiary Seacon Ship Management Company, which is responsible for technical operations, crew administration, and adherence to safety regulations, forming the foundation of the company’s reliable and stable fleet performance. These operational services are essential to advancing the long-term growth and profitability strategy of Seacon Shipping Group Ltd. Known for its high standards, Seacon Ship Management Company incorporates advanced technological solutions and management techniques to optimise fuel consumption, reduce carbon emissions, and maintain full compliance with rigorous environmental requirements. 27-May-2025
Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd has arranged financing for seven modern mini bulk carriers it acquired from Baltic Shipping in Q1 2025. According to a filing, Chinese shipowner and operator Seacon Shipping Group Ltd has entered into an agreement to sell the seven ships to a subsidiary of Shenzhen Financial Leasing for approximately $65 million and will bareboat charter them back for a term of five years, including purchase options and a mandatory purchase commitment at the end of the charter period. Qingdao-based shipowner and operator Seacon Shipping Group Ltd originally purchased the MV Baltic Fin, MV Baltic Grain, MV Baltic Moon, MV Baltic Wind, MV Baltic Steel, MV Baltic Sun, and the MV Baltic Split in January 2025 for about $66.5 million. These vessels, each around 4K DWT and coaster-size bulk carriers, were built between 2022 and 2024 and are expected to be delivered by June 2025. Seacon Shipping Group Ltd has consistently utilized similar lease-back structures to finance most of its ship acquisitions, including newbuilding projects. Seacon Shipping Group Ltd stated that these finance lease transactions will further strengthen its cash flow and improve the efficiency of its internal capital usage, thereby supporting the continued growth of its core business segments, which include shipping services and ship management. Fleet operations for Seacon Shipping Group Ltd are managed by Seacon Ship Management Company, a key subsidiary that plays a vital role in the company’s maritime asset management. Seacon Ship Management Company is responsible for technical management, crew management, and compliance with safety regulations, all of which are essential to ensuring the operational stability and reliability of the fleet. These services are also integral to supporting Seacon Shipping Group Ltd’s long-term growth and profitability strategy. Known for its operational excellence, Seacon Ship Management Company leverages cutting-edge technologies and management strategies to improve fuel efficiency, reduce emissions, and uphold high environmental standards. 9-May-2025
Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd is continuing to grow its dry bulk fleet by adding a new ultramax bulk carrier being constructed at Tsuneishi Zhoushan Shipbuilding. The Chinese shipowner and operator Seacon Shipping Group Ltd is committing approximately $38.5 million for the delivery of the 63K DWT ultramax bulk carrier in April 2027 by Tsuneishi Zhoushan Shipbuilding, a Chinese shipyard controlled by Tsuneishi and partly owned by Yangzijiang Shipbuilding with a 34% stake. According to Seacon Shipping Group Ltd, this investment supports its ongoing strategy to enhance and expand its fleet by gradually retiring older controlled ships and replacing them with newer tonnage. Seacon Shipping Group Ltd highlighted that the new ultramax bulk carrier will offer improved operational and fuel consumption efficiency, in line with the latest environmental standards. Seacon Shipping Group Ltd has previously worked with Tsuneishi Zhoushan Shipbuilding, having ordered kamsarmax and handysize bulk carrier newbuildings in 2021 and 2023, respectively. Currently, Seacon Shipping Group Ltd operates a fleet of more than 25 bulk carriers and holds a diverse order book comprising nearly 40 ships, including self-owned, bareboat chartered, and joint venture vessels. The management of this expanding fleet is expertly handled by Seacon Ship Management Company, a key subsidiary of Seacon Shipping Group Ltd. Seacon Ship Management Company plays an essential role in ensuring the operational success of Seacon Shipping Group Ltd through its specialization in managing maritime assets. The subsidiary is responsible for a range of functions including technical management, crew management, and safety compliance, all of which are crucial to maintaining the fleet’s reliability and performance. These services also contribute significantly to Seacon Shipping Group Ltd’s growth and profitability goals. Seacon Ship Management Company is widely recognized for its expertise in optimizing vessel operations, applying innovative technologies and strategies to enhance fuel efficiency, reduce emissions, and support environmentally sustainable performance. 22-April-2025
Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd has experienced a significant surge in profits, recording its highest earnings to date. The Chinese shipowner and operator, Seacon Shipping Group Ltd, witnessed a 230% increase in net profit, reaching $70.3 million. Under the leadership of Guo Jinkui, Seacon Shipping Group Ltd has demonstrated exceptional financial results for the year 2024. The company reported revenues of $282 million, marking a 9% increase from the previous year’s $259 million, primarily due to higher rates in 2024. Additionally, Seacon Shipping Group Ltd saw its gross profit jump by approximately 61% to $64.4 million. The management of Seacon Shipping Group Ltd’s expanding fleet is adeptly handled by its subsidiary, Seacon Ship Management Company. Seacon Ship Management Company, a crucial arm of Seacon Shipping Group Ltd, plays a vital role in the operational success of the parent company. Specializing in the management of maritime assets, Seacon Ship Management Company ensures that all vessels under its care meet the highest standards of operational efficiency and compliance with international maritime regulations. The subsidiary is responsible for a range of services including technical management, crew management, and safety compliance. These services are critical for maintaining the reliability and performance of the fleet, thereby supporting Seacon Shipping Group Ltd’s profitability and growth objectives. Seacon Ship Management Company is recognized for its expertise in optimizing the operational capabilities of each vessel, implementing cutting-edge technologies and strategies to enhance fuel efficiency, reduce emissions, and ensure sustainable operations. This focus on innovation and sustainability not only contributes to the environmental goals of the maritime industry but also positions Seacon Shipping Group Ltd favorably in a competitive global market. Furthermore, Seacon Ship Management Company has developed a robust training program for its crew, ensuring that all personnel are equipped with the necessary skills and knowledge to operate under the demanding conditions of maritime transport. This emphasis on training and development helps to foster a culture of safety and excellence within the company. Through the effective management of Seacon Shipping Group Ltd’s fleet by Seacon Ship Management Company, the group is able to capitalize on market opportunities, navigate challenges, and continue its trajectory of financial success. 28-March-2025
A series of 20 vessel sales has driven a fourfold increase in profit for Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd. The Chinese shipowner and operator Seacon Shipping Group Ltd reported a gain of $46 million from asset disposals, alongside a rise in rates. Bulker and tanker owner Seacon Shipping Group Ltd anticipates a significant boost in earnings for 2024 due to improved market conditions. Additionally, Seacon Shipping Group Ltd benefited from selling a number of ships in 2024. According to a filing with the Hong Kong Stock Exchange, the company expects net profit to increase by between 200% and 220% compared to 2023. Founded in 2005, Seacon Shipping Group Ltd is a prominent Chinese shipowner and operator listed on the Hong Kong Stock Exchange. The company focuses on the ownership and operation of a diverse fleet, including bulk carriers, tankers, and other types of vessels, catering to both domestic and international markets. Seacon Shipping Group Ltd is known for its strategic approach to fleet management, maintaining a balanced portfolio that helps mitigate risks and maximize returns from its vessels. With a strong track record in vessel sales and acquisitions, Seacon Shipping Group Ltd has grown its fleet significantly over the years, becoming one of the key players in the global shipping industry. Seacon Shipping Group Ltd also places a strong emphasis on operational efficiency and sustainability, continuously upgrading its fleet with eco-friendly technologies to meet the evolving demands of the maritime industry. In addition to its shipping activities, Seacon Shipping Group Ltd also offers services in logistics, ship management, and chartering, further strengthening its position in the shipping sector. The management of Seacon Shipping Group Ltd’s expanding fleet is handled by its subsidiary, Seacon Ship Management Company. This period of significant financial activity and fleet growth marks an important phase of expansion for Seacon Shipping Group Ltd since its initial public offering on the Hong Kong Stock Exchange. This expansion underscores the company’s strategic goal to diversify and strengthen its position in the global shipping market. The proactive approach to fleet management and renewal not only improves operational efficiency but also positions Seacon Shipping Group Ltd to better seize emerging opportunities in international maritime logistics. 5-March-2025
Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd, along with SeaKapital, will lend $50 million to their joint venture, Continental Kapital. Both companies will also provide guarantees of up to $230 million each. SeaKapital and Seacon’s fully owned unit, GH Kapital, will extend a $50 million loan to their joint venture, Continental Kapital Shipping Co, under an agreement finalized on January 24, as announced in a stock exchange filing on Friday. Continental Kapital is a 50/50 joint venture between Seacon Shipping Group Ltd’s GH Kapital and SeaKapital. Seacon Shipping Group Ltd confirmed in the same filing that GH Kapital and SeaKapital will each contribute 50% of the loan. Founded in 2005, Seacon Shipping Group Ltd is a major Chinese shipowner and operator listed on the Hong Kong Stock Exchange. The company specializes in owning and managing a diverse fleet of vessels, including bulk carriers, tankers, and other shipping assets. Seacon Shipping Group Ltd operates both domestically and internationally, focusing on providing high-quality maritime transportation solutions across various sectors. Seacon Shipping Group Ltd has consistently pursued a strategy of growth through fleet expansion, including strategic partnerships and joint ventures like Continental Kapital. With a strong focus on operational efficiency, the company has invested in modernizing its fleet and adopting innovative technologies to enhance fuel efficiency and reduce environmental impact. This joint venture with SeaKapital is part of Seacon Shipping Group Ltd’s broader efforts to strengthen its financial position and enhance its market presence in the international shipping industry. 4-March-2025
Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd has bolstered its fleet with a substantial $66.5 million acquisition of seven modern mini bulk carriers. In an official statement, Seacon Shipping Group Ltd announced that it had secured the MV Baltic Fin, MV Baltic Grain, MV Baltic Moon, MV Baltic Wind, MV Baltic Steel, MV Baltic Sun, and the MV Baltic Split from the Denmark-based coaster shipowner and operator Baltic Shipping Company A/S for $9.1 million each. These vessels, ranging from 3,800 to 3,900 DWT, were constructed between 2022 and 2024 and are expected to be incorporated into the fleet of Seacon Shipping Group Ltd by the third quarter of 2025. Seacon Shipping Group Ltd has been actively engaged in updating and diversifying its fleet, particularly focusing on the tanker segment with the addition of several new vessels, while also phasing out some older bulk carriers. In a notable expansion move last October, Seacon Shipping Group Ltd also acquired six 5,200 DWT Multi-Purpose (MPPs) dry cargo newbuildings from Union Marine in a deal worth $63.9 million. These vessels are currently under construction at Jiangsu Dajin Heavy Industry and are slated for delivery from March 2026 through to 2027. “The acquisition of these vessels aligns with Seacon Shipping Group Ltd’s strategic initiative to enhance and modernize its fleet. This strategy involves the gradual retirement of older vessels and their replacement with newer models, as well as an expansion of the group’s fleet,” stated Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd in a press release. 28-January-2025
Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd has made its debut in the Multi-Purpose Ship (MPP) market with the acquisition of seven vessels. The company, aiming to expand and modernize its fleet, purchased the seven MPPs in an en-bloc transaction from Danish multipurpose operator Baltic Shipping Co, as confirmed by regulatory filings. This move marks Seacon Shipping Group Ltd’s first foray into the MPP segment, reflecting its strategic efforts to diversify and strengthen its maritime operations. Seacon Shipping Group Ltd disclosed that the total cost of the transaction was approximately $66.9 million, underscoring its commitment to growth and innovation in the shipping industry. Seacon Shipping Group Ltd, established in 1996, has grown into a prominent player in the global shipping sector, specializing in the transportation of bulk commodities, including coal, grain, and minerals. Headquartered in Qingdao, China, Seacon Shipping Group Ltd operates a diverse fleet of vessels, including bulk carriers and now Multi-Purpose Ships (MPPs), which are designed to handle a variety of cargo types, from heavy-lift equipment to project cargo. The addition of these seven MPPs aligns with the company’s strategy to enhance its service offerings and cater to a broader range of customer needs. The Hong Kong-listed Seacon Shipping Group Ltd has built a strong reputation for its operational efficiency, customer-centric approach, and commitment to sustainability. By entering the MPP market, Seacon Shipping Group Ltd is positioning itself to capitalize on growing demand for versatile shipping solutions, particularly in industries such as renewable energy, construction, and infrastructure development. This strategic acquisition not only expands Seacon Shipping Group Ltd’s fleet but also reinforces its ability to compete in a dynamic and evolving global shipping landscape. 28-January-2025
The Qingdao-based and Hong Kong-listed shipowner and operator, Seacon Shipping Group Ltd, has successfully arranged financing for one of its handysize bulk carriers currently under construction in Japan. According to a recent filing, Seacon Shipping Group Ltd has entered into a $31.3 million sale and leaseback agreement for a 40K DWT handysize bulk carrier with Panama-incorporated Dawn Shipping and its Japan-based parent company, ultimately controlled by Kohei Kondo. This transaction highlights Seacon Shipping Group Ltd’s strategic approach to financing, leveraging its assets to support ongoing and future projects. In September 2023, Seacon Shipping Group Ltd commissioned the construction of two handysize bulk carriers from Japanese shipbuilder Namura Shipyard for a total of $67 million, with expected deliveries spanning from August 1, 2025, to October 31, 2025. The funds from this transaction with Dawn Shipping will be utilized to finance the ongoing construction of the vessel. This reflects Seacon Shipping Group Ltd’s proactive management of its financial resources and capital structure to ensure timely and efficient fleet expansion. Seacon Shipping Group Ltd, a diversified Qingdao-based shipowner and operator, has a significant presence in the maritime industry. Seacon Shipping Group Ltd operates a varied fleet that includes bulk carriers, tankers, and container ships. Seacon Shipping Group Ltd’s business strategy focuses on maximizing operational efficiency and fleet utilization, thereby enhancing its competitive edge in the global shipping market. Furthermore, Seacon Shipping Group Ltd has commonly financed its newbuild projects through similar sale and leaseback arrangements. For instance, in June 2024, Seacon Shipping Group Ltd concluded a $63.4 million leaseback transaction with Suyin Financial Leasing, which covered two 42K DWT handysize bulk carrier newbuilds ordered from Tsuneishi Shipbuilding in Japan, scheduled for delivery in June and September 2025. These strategic financial maneuvers not only bolster Seacon Shipping Group Ltd’s liquidity but also facilitate its growth and fleet modernization objectives. Under the terms of the latest deal, the bulk carrier will be bareboat chartered for a decade upon delivery, with Seacon Shipping Group Ltd retaining several purchase options priced between $17.1 million and $29.2 million, varying according to the timing of execution. This arrangement allows Seacon Shipping Group Ltd to manage its asset base effectively while preserving the flexibility to respond to market conditions and opportunities. Seacon Shipping Group Ltd’s innovative financial strategies and robust fleet management practices underscore its commitment to maintaining a leading position in the maritime sector. Seacon Shipping Group Ltd continues to explore opportunities to enhance its service offerings, improve operational efficiencies, and expand its market reach, ensuring long-term growth and sustainability in a dynamic global environment. 24-January-2025
Seacon Shipping Group Ltd, based in Qingdao and listed in Hong Kong, has taken a significant step in its fleet expansion by acquiring six newbuilds originally ordered by Union Marine, furthering its strategy of selling ultramax bulk carriers. This development is part of Seacon Shipping Group Ltd’s broader fleet renewal efforts, which continue to gain momentum with the latest acquisitions. The company has added six 5K DWT multipurpose ships (MPP), procured from Jiangsu Dajin Heavy Industry for approximately $64 million in total, signifying a substantial investment in diversifying and updating its fleet. Under the leadership of CEO Guo Jinkui, Seacon Shipping Group Ltd is aggressively modernizing its fleet to better meet the evolving demands of maritime logistics and cargo transport. The original buyer, Union Marine, registered in the British Virgin Islands, had not fulfilled its financial commitments for these vessels, allowing Seacon Shipping Group Ltd to step in and capitalize on the opportunity. Seacon Shipping Group Ltd specializes in the operation and management of a diverse fleet that includes bulk carriers, container ships, and special-purpose vessels. The company’s strategic focus on fleet renewal is aimed at enhancing operational efficiency, reducing environmental impact, and improving service quality. By integrating these state-of-the-art multipurpose ships into their fleet, Seacon Shipping Group Ltd is positioning itself to take advantage of new market opportunities and strengthen its competitive edge in the global shipping industry. This proactive approach in fleet management demonstrates Seacon Shipping Group Ltd’s commitment to maintaining a modern, versatile fleet capable of adapting to the dynamic maritime trade environment. The management of Seacon Shipping Group Ltd’s growing fleet is overseen by its subsidiary, Seacon Ship Management Company. This period of intense financial activity and fleet expansion marks a significant period of growth for Seacon Shipping Group Ltd since its initial public offering on the Hong Kong Stock Exchange. This expansion highlights the company’s strategic ambition to diversify and solidify its position in the international shipping market. The proactive approach to fleet management and renewal not only enhances operational efficiency but also positions Seacon Shipping Group Ltd to better capitalize on emerging opportunities in global maritime logistics. 31-October-2024
Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd recently completed the sale of the 2019-built ultramax bulk carrier 63K DWT MV Seacon Athens for approximately $32 million. The vessel was purchased by Shanghai-based shipowner and operator Henxin Ship Leasing. This sale marks the second bulk carrier Seacon Shipping Group Ltd has sold within a month, as part of its strategy to accumulate cash for future transactions and adjust its fleet portfolio. The company plans to hand over the Nantong Xiangyu-built MV Seacon Athens by the end of 2024. Seacon Shipping Group Ltd reported a net gain of $9 million from the sale, according to a recent filing. The proceeds are intended to fund potential vessel acquisitions and provide general working capital. As part of its strategic diversification, Seacon Shipping Group Ltd is expanding its presence in the tanker sector with new builds and is reducing some of its bulk carriers. In July 2024, the company finalized a deal to sell one of its supramax bulk carriers for a $6 million profit and also arranged a sale and leaseback agreement for a pair of handysize bulk carriers currently under construction in Japan, including purchase options. 13-August-2024
Indonesian shipowners have reentered the secondhand S&P (Sale and Purchase) Market after a relatively quiet period throughout most of 2024. This year, they have acquired a total of 31 ships. Recently, Gurita Lintas Samudera was reported to have made its fifth bulk carrier purchase within the year, with shipbrokers suggesting it might acquire the 2006 built supramax bulk carrier MV Captain Karam from Athens-based shipowner and operator LA Maritime, for about $14 million. This acquisition would expand Gurita Lintas Samudera’s fleet to 30 bulk carriers. Additionally, the company has reflagged all its ships to its home registry. In July 2024, Qingdao-based and Hong Kong-listed Seacon Shipping Group Ltd, known for its diversified fleet and strategic dispositions, sold one of its supramax bulk carriers, the 2010-built MV Yantai, to Indonesian shipowner Primatama Energi Mandiri for $13.8 million. This transaction reflects Seacon Shipping Group Ltd’s ongoing strategy to optimize its fleet size and composition, aligning with market trends and operational needs. Furthermore, this sale was part of a broader divestiture plan involving multiple vessels, indicating a reshaping of Seacon’s asset base to enhance its market agility and financial health. The 2010-built supramax bulk carrier 57K DWT MV Seacon Yantai, sold for approximately $14 million to PT Primatama Energi Mandiri, represents Seacon Shipping Group Ltd’s focus on streamlining operations and capitalizing on opportune market conditions. 12-August-2024
Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd has completed the sale of one of its supramax bulk carriers, realizing a profit of over $6 million from the transaction with Indonesian buyer PT Primatama Energi Mandiri. The diversified shipowner and operator Seacon Shipping Group Ltd disposed of the 2010-built supramax bulk carrier 57K DWT MV Seacon Yantai for approximately $14 million to PT Primatama Energi Mandiri. The transaction is set for completion with the delivery of the MV Seacon Yantai by October 15, 2024, resulting in a net gain of $6.5 million. The proceeds from this sale will be allocated by Seacon Shipping Group Ltd towards the potential acquisition of additional bulk carriers and for general working capital purposes. Notably, the MV Seacon Yantai had been engaged under a bareboat charter arrangement with the Bank of Communications Financial Leasing, which included purchase options. Furthermore, in July 2024, Seacon Shipping Group Ltd entered into a sale and leaseback agreement with Suyin Financial Leasing, controlled by the Bank of Jiangsu, for a pair of handysize bulk carriers currently under construction in Japan. Once delivered in Q3 2025, Seacon Shipping Group Ltd will charter these handysize bulk carrier newbuilds for a decade, with options to purchase them during the charter term. Management of Seacon Shipping Group Ltd’s expanding fleet is conducted by its subsidiary, Seacon Ship Management Company. This active period of financial dealings and fleet growth underscores a robust upward trajectory for Seacon Shipping Group Ltd following its debut on the Hong Kong Stock Exchange, highlighting its strategic intent to diversify and strengthen its presence in the global shipping market. 17-July-2024
Qingdao-based and Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd has successfully secured financing for two handysize bulk carriers currently under construction at Tsuneishi Shipbuilding. The company has entered into a $63.4 million sale and leaseback agreement with Suyin Financial Leasing, which is affiliated with the Bank of Jiangsu. This deal pertains to the 42K DWT handysize bulk carriers that Seacon Shipping Group Ltd ordered in April 2023 for approximately $31 million each. Under the terms of the agreement, Seacon Shipping Group Ltd will charter in the newbuild handysize bulk carriers for a period of 10 years following their delivery in June and September 2025. Additionally, the company will have the option to purchase the vessels during the charter period. This financing strategy is consistent with Seacon Shipping Group Ltd’s approach, as most of its newbuilding projects have been financed through similar sale and leaseback transactions. In a related development, in June 2024, Seacon Shipping Group Ltd finalized another deal involving entities controlled by AVIC Industry-Finance Holdings for a sale and leaseback of a quartet of 18K DWT chemical tankers, also under construction, at Fujian Southeast Shipyard. Each of these vessels was valued at about $27.5 million. Operations for Seacon Shipping Group Ltd’s expanding fleet are managed by its subsidiary, Seacon Ship Management Company. This period of active financing and fleet expansion reflects a strong growth trajectory for Seacon Shipping Group Ltd since its listing on the Hong Kong Stock Exchange, showcasing its ambitious strategy to diversify and enhance its operational capabilities in the shipping industry. 4-July-2024
Qingdao-based and Hong Kong-listed Seacon Shipping Group Ltd has been making significant strides in the tanker industry, having invested nearly $700 million in this sector while also considering opportunities in the gas market. Since its initial public offering in March 2023, Seacon Shipping Group Ltd has actively engaged in major newbuilding contracts and the acquisition of secondhand vessels to expand into the tanker market. The company, primarily known as a bulker operator and third-party ship manager, has reportedly spent approximately $637 million on newbuildings and over $40 million on acquiring three secondhand chemical tankers. Now focusing on securing long-term contracts for its newly expanded fleet, Seacon Shipping Group Ltd is also exploring potential ventures into the gas sector. All operations for Seacon Shipping Group Ltd’s fleet are currently managed by its subsidiary, Seacon Ship Management Company. This busy period since the company’s listing on the Hong Kong Stock Exchange signifies a robust growth trajectory and an ambitious diversification strategy. 2-May-2024
Qingdao-based Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd is expanding its maritime portfolio by venturing into the tanker market with its inaugural orders for tankers. Seacon Shipping Group Ltd has entered into an agreement with Fujian Southeast Shipbuilding for the construction of four chemical tankers, each with a deadweight of 18K DWT, at a cumulative cost of $129.2 million. Following its IPO (initial public offering) in March 2023, Seacon Shipping Group Ltd has been strategically renewing its fleet, transitioning from older ships to newer ones. These newly ordered tankers are scheduled for delivery from July 2025 to May 2026. Seacon Shipping Group Ltd has cited the ongoing unrest and disturbances in oil-producing countries in the Middle East since October 2023 as a catalyst for increased demand in oil transportation. This heightened demand is mirrored in the notable increase of the Baltic Clean Tanker Index beginning from the Q3 2023. 19-February-2024
Qingdao-based Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd has made a significant expansion to its fleet by ordering four additional 62K DWT multipurpose dry cargo ships from Huanghai Shipbuilding. This order is part of a deal with the leasing arm of China Merchants. Chinese shipowner and operator Seacon Shipping Group Ltd, which is listed on the Hong Kong Stock Exchange, has entered into an agreement with subsidiaries of China Merchants Financial Leasing. Under this agreement, Seacon Shipping Group Ltd will bareboat charter the newbuilds for a period of up to 15 years. These vessels are scheduled for delivery in the fourth quarter of 2025, with each ship priced at approximately $41.5 million. Notably, the agreement includes purchase options for Seacon Shipping Group Ltd. Initially, the charter is set for a three-year term, and Seacon Shipping Group Ltd has the opportunity to extend this period. If the extension options are not exercised, Seacon Shipping Group Ltd will proceed to purchase the ships directly from the shipowning entities of China Merchants. In addition to this new order, Seacon Shipping Group Ltd, based in Qingdao, has also arranged a similar sale and leaseback financing structure with Hong Kong-incorporated units of China Merchants for the first two 62K DWT ships. These ships were previously ordered at Huanghai and are expected to be delivered by Q4 2024. This strategic move by Seacon Shipping Group Ltd indicates a robust commitment to expanding and modernizing its fleet, utilizing innovative financing solutions like sale and leaseback arrangements. Such deals provide flexibility in fleet management and financial planning, allowing shipping companies to grow their operations while managing capital expenditures effectively. The use of bareboat charters coupled with purchase options also offers a versatile approach to fleet expansion, balancing operational needs with financial prudence. 24-December-2023
Qingdao-based Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd has recently acquired two chemical and product tankers for a total of $28 million. Chinese shipowner and operator Seacon Shipping Group Ltd is spending $14 million each on the MT Kenrick and MT Enford, both 2012-built tankers from Taizhou Sanfu and previously linked to London-based Union Maritime. In an interesting arrangement, London-based Union Maritime will charter back these MT Kenrick and MT Enford for two years at a daily rate of $16,250, with an option to extend for another year at $16,500 per day. Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd has been active in other transactions as well. Seacon Shipping Group Ltd completed a sale and leaseback agreement with Bank of Beijing Financial Leasing for the 13K DWT general cargo ship MV Seacon Yokohama. MV Seacon Yokohama deal, valued approximately $21 million, involves a 10-year bareboat charter. Furthermore, Seacon Shipping exercised a purchase option with Bank of Communications Financial Leasing (BoCom Leasing) for the 2010-built supramax bulker MV Seacon Dalian. The vessel was then sold to PT Cakra Buana Resources Energi, an Indonesian firm, for $12.8 million. Additionally, Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd expanded its fleet with the 2009-built 17K DWT chemical tanker MT Chem Lyra. This acquisition was made through a 60-month bareboat deal, which includes a mandatory purchase at the end and an early purchase option, amounting to approximately $14.6 million in total. Currently, the entire fleet of Seacon Shipping Group Ltd is managed by its subsidiary, Seacon Ship Management Company. 10-November-2023
The Qingdao-based and Hong Kong-listed Seacon Shipping Group Ltd has acquired two chemical and product tankers for a total of $28 million. Seacon Shipping Group Ltd is allocating $14 million each for the 2012-built vessels, MT Kenrick and MT Enford, constructed at Taizhou Sanfu, and currently affiliated with the London-based Union Maritime Limited (UML). The delivery of both vessels is scheduled for the fourth quarter of 2023. In conjunction with the acquisition, Union Maritime Limited (UML) has agreed to a charter arrangement for the 16K DWT pair of chemical and product tankers, securing them for two years at a daily rate of $16,250, with the option to extend for an additional year at $16,500 per day. Seacon Shipping Group Ltd has also recently engaged in a sale and leaseback transaction with Bank of Beijing Financial Leasing involving the 13K DWT general cargo vessel MV Seacon Yokohama, valued at $21.25 million, under a 10-year bareboat charter. Furthermore, Seacon Shipping Group Ltd exercised a purchase option for the 2010-built supramax bulk carrier MV Seacon Dalian with Bank of Communications Financial Leasing (BoCom Leasing), proceeding to sell it to PT Cakra Buana Resources Energi of Indonesia for $12.8 million. Additionally, Seacon Shipping Group Ltd has expanded its fleet with the acquisition of the 2009-built 17K DWT chemical tanker MT Chem Lyra on a 60-month bareboat contract that concludes with a mandatory purchase, alongside an early purchase option, totaling approximately $14.5 million. 9-November-2023
Qingdao-based Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd is preparing to transfer ownership of 2010 built supramax bulk carrier 57K DWT MV Seacon Dalian which is currently under a bareboat charter agreement. This transfer of ownership is being facilitated through its subsidiary Golden Orchid, which will exercise a purchase option for MV Seacon Dalian from Bank of Communications Financial Leasing’s (BoCom Leasing) shipowning entity, Xiang B5 HK International Ship Lease. Following the purchase, Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd plans to sell the 2010 built supramax bulk carrier 57K DWT MV Seacon Dalian to Indonesia’s PT Cakra Buana Resources Energi for around $12.5 million. Seacon Shipping Group Ltd had chartered the MV Seacon Dalian on a bareboat basis for five years starting in November 2019. This sale of the COSCO Zhoushan-built MV Seacon Dalian is aligned with Seacon Shipping Group Ltd’s ongoing strategy to optimize its fleet by gradually phasing out older bulk carriers under its control. The proceeds from the sale will be used for potential ship acquisitions and general working capital. Since Seacon Shipping Group Ltd’s initial public offering (IPO) in March, Seacon Shipping Group Ltd has been actively seeking to add newer ships to its fleet. With bulk carriers currently under construction in China and Japan, Seacon Shipping Group Ltd anticipates increasing its controlled fleet to approximately 35 ships by the end of 2025. Additionally, Seacon Shipping Group Ltd recently acquired the 2009 built chemical tanker MT Chem Lyra through a 60-month bareboat agreement, which includes an option to purchase at the end of the charter, valued at around $14.5 million in total. At present, all the vessels within Seacon Shipping Group Ltd’s fleet are under the management of its subsidiary, Seacon Ship Management Company. 6-November-2023
Qingdao-based Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd has garnered additional funds through the sale and leaseback of one of its newly constructed bulk carriers. Seacon Shipping Group Ltd has finalized an agreement with Bank of Beijing Financial Leasing. This deal involves selling the 13K DWT general cargo ship, MV Seacon Yokohama, for around $21 million. MV Seacon Yokohama is set to be delivered this month and will be leased back to Qingdao-based Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd for a decade. There’s an option for Seacon Shipping Group Ltd to purchase the MV Seacon Yokohama after the fourth year, and a commitment to buy MV Seacon Yokohama at the charter’s conclusion. Seacon Shipping Group Ltd mentioned in a stock exchange filing that the net earnings from this transaction will be allocated towards potential ship acquisitions and will also serve as the Seacon Shipping Group Ltd’s general working capital. Earlier in June 2023, Seacon Shipping Group Ltd entered into a $27 million sale and leaseback agreement with a Singaporean subsidiary of China’s Bocomm. This deal pertained to one of its kamsarmax bulk carriers, which is scheduled for delivery from Guangzhou Wenchong by the end of October 2023. Since its Initial Public Offering (IPO) in March 2023, Qingdao-based Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd has been strategizing to enhance its fleet. The company aims to phase out older bulk carriers under its control and replace them with newer bulk carriers. With ongoing shipbuilding projects in China and Japan, Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd anticipates its fleet to grow from 24 vessels as of June’s end to 35 by the close of 2025. Currently, Seacon Shipping Group Ltd’s subsidiary Seacon Ship Management Company manages all the fleet. 26-September-2023
Qingdao-based Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd continues its progressive march towards a grander fleet, recently sealing an agreement for two (2) 40K DWT handysize bulk carrier new buildings from the renowned Japanese shipbuilder, Namura. Seacon Shipping Group Ltd has allocated an impressive sum of approximately $67 million for each 40K DWT handysize bulk carrier new building. Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd will take the delivery of the handysize bulk carrier new buildings between August 1, 2025, and October 31, 2025. This recent procurement signifies the seventh venture into newbuild undertakings since its monumental $52 million listing in March of this annum. This includes two (2) 62K DWT ultramax bulk carrier new buildings from Huanghai Shipbuilding, one (1) 13K DWT general cargo vessel from Murakami Hide Shipbuilding, and two (2) handysize bulk carrier new buildings from Tsuneishi Shipbuilding. Aligning seamlessly with the Seacon Shipping Group Ltd’s persistent strategy, the addition of these bulk carrier new buildings aims to rejuvenate its fleet, phasing out the elder vessels in a controlled manner and supplanting them with state-of-the-art ones, thus expanding the controlled vessel fleet, as articulated by Qingdao-based Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd in an official document. Accompanied by other naval marvels presently under crafting in China and Japan, Seacon Shipping Group Ltd’s fleet is projected to burgeon from 24 vessels as of this past June to an impressive 35 by the culmination of 2025, thereby amplifying the carrying capacity to an estimated 1.8 million DWT. Currently, Seacon Shipping Group Ltd’s subsidiary Seacon Ship Management Company manages around 117 ships. 5-September-2023
Columbia Shipmanagement (CSM) has forged an agreement to oversee the fleet of the Qingdao-based Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd. The vessels of the Seacon Shipping Group are poised to operate from the Hellenic bureau of Columbia Shipmanagement (CSM), as part of an endeavor to introduce managerial digital sophistication to the Chinese realm. Columbia Shipmanagement (CSM) has consummated an accord to manage the fleet of shipowner and operator Seacon Shipping Group. This symbiotic concord dictates that the Grecian establishment of Columbia Shipmanagement (CSM) will administer the vessels both owned and operated by the Qingdao-based Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd. Seacon Shipping Group Ltd’s subsidiary Seacon Ship Management Company manages all the fleet and offers management services to third party shipowners. Zhao Yong presides as the president of Seacon Ship Management. Currently, Seacon Shipping Group Ltd’s subsidiary Seacon Ship Management Company manages around 115 ships. 1-September-2023
Qingdao-based Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd has engaged in a sale and leaseback agreement with a Singapore-based subsidiary of China’s BOCOM for one of its kamsarmax bulk carriers currently under construction. Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd is divesting the 85,000 DWT (deadweight tonnage) kamsarmax bulk carrier, scheduled to be delivered from Guangzhou Wenchong Shipyard by October 31, 2023, for around $27 million. 85,000 DWT (deadweight tonnage) kamsarmax bulk carrier will be provisionally chartered to Seacon Shipping Group Ltd’s Liberia-incorporated subsidiary for a duration of 120 months, during which the company will have the opportunity to repurchase the kamsarmax bulk carrier after three (3) years. Upon delivery, the Guangzhou Wenchong Shipyard will receive approximately $18 million from the transaction, with the remaining balance disbursed to Qingdao-based Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd. These funds will be utilized for potential vessel acquisitions and general working capital purposes. Currently, Seacon Shipping Group Ltd’s subsidiary Seacon Ship Management Company manages around 115 ships. 20-June-2023
Qingdao-based Hong Kong-listed shipowner and operator Seacon Shipping Group Ltd has expanded its order book by securing a new building bulk carrier at Murakami Hide Shipbuilding in Japan, showcasing its continuous growth. Seacon Shipping Group Ltd has selected Murakami Hide Shipbuilding to construct a general cargo vessel with a capacity of 13,500 DWT (deadweight tons). Murakami Hide Shipbuilding will deliver the ship by June 2026, and the total cost amounts to nearly $16.8 million. In a previous deal, Seacon Shipping Group Ltd signed a contract with Tsuneishi Shipbuilding to commission the construction of two (2) handysize bulk carriers. The estimated price for each handysize bulk carrier was approximately $31.7 million. Notably, this recent order represents the Seacon Shipping Group Ltd’s fifth newbuilding project since the company’s listing in March 2023. Among these projects is the construction of two MPP (multipurpose) dry cargo vessels at Huanghai Shipbuilding. Seacon Shipping Group Ltd’s subsidiary Seacon Ship Management Company manages all the fleet and offers management services to third party shipowners. 29-May-2023
Qingdao-based shipowner and operator Seacon Shipping Group Ltd ordered two (2) handysize bulk carrier new buildings for around $63 million at Tsuneishi Shipbuilding. Hong Kong Stock Exchange-listed Chinese shipowner and operator Seacon Shipping Group Ltd will take the delivery of two (2) 42K DWT handysize bulk carrier new buildings in 2025. Seacon Shipping Group Ltd has declared through an official statement made to the Hong Kong Stock Exchange, its intention to procure vessels from a Japanese shipbuilder. The said vessels will be purchased for a grand sum of $31.6 million each. Payment will be spread over four instalments, including a final heavy payment of $19m per ship on delivery. Qingdao-based shipowner and operator Seacon Shipping Group Ltd said it would fund the investment through internal resources and external financing. Currently, Seacon Shipping Group Ltd’s subsidiary Seacon Ship Management Company manages around 112 ships. 1-May-2023
Qingdao-based shipowner and operator Seacon Shipping Group Ltd ordered two (2) MPP (multi-purpose ships) new buildings for around $83 million. Seacon Shipping Group Ltd’s two (2) MPP new building orders form part of the company’s fleet renewal and expansion effort. Last month, Seacon Shipping Group Ltd raised up to $62 million on Hong Kong Stock Exchange IPO (Initial Public Offering). Seacon Shipping Group Ltd is wasting no time in using funds the company raised from its IPO (Initial Public Offering). Recently, Chinese shipowner and operator Seacon Shipping Group Ltd ordered two (2) ultramax bulk carrier new buildings at Huanghai Shipbuilding. Seacon Shipping Group Ltd will take the delivery of the ships in Q4 2024. Seacon Shipping Group Ltd expressed the newbuildings are in line with its plan of fleet expansion and renewal as the new ships will improve the company’s competitiveness. Currently, Seacon Shipping Group Ltd’s subsidiary Seacon Ship Management Company manages around 112 ships. 17-April-2023
Qingdao-based shipowner and operator Seacon Shipping Group Ltd schedules to raise up to $62 million on Hong Kong Stock Exchange IPO (Initial Public Offering). Chinese shipowner and operator Seacon Shipping Group Ltd is going public and will be listed on the Hong Kong Stock Exchange. Seacon Shipping Group Ltd designs to issue as many as 125 million shares at the price of $0.41 to $0.49 per share. Seacon Shipping Group Ltd will allocate funds raised on Hong Kong Stock Exchange IPO (Initial Public Offering) to fleet expansion and opening new overseas offices. Furthermore, Seacon Shipping Group Ltd plans to expand the company’s ship-management business. Recently, Qingdao-based shipowner and operator Seacon Shipping Group Ltd took delivery of 2023 built kamsarmax bulk carrier 85K DWT MV Seacon Nola from Huangpu Wenchong Shipbuilding. Seacon Shipping Group Ltd’s subsidiary Seacon Ship Management Company manages around 110 ships. 16-March-2023
Chinese dry bulk operator, Ningbo Marine, has announced its acquisition of MV Horizon Ruby, a panamax bulker with a capacity of 76,000 DWT (deadweight tons) built in 2013. MV Horizon Ruby was procured from Qingdao-based shipowner and operator Seacon Shipping Group Ltd for a substantial sum of $14.62 million. Ningbo Marine is currently engaged in a comprehensive fleet optimization program. Additionally, the company has recently commissioned the construction of three bulk carriers with a capacity of 49,800 DWT (deadweight tons) each from China Merchant Jinling Shipbuilding. 12-January-2021
Qingdao-based shipowner and operator Seacon Shipping Group Ltd has initiated a contract with Huangpu Wenchong Shipbuilding, an affiliate of CSSC, for the construction of two (2) kamsarmax bulk carriers weighing 85,000 DWT (deadweight tons). This order represents an exercise of the Chinese shipowner and operator Seacon Shipping Group Ltd’s option under a 4+4 newbuilding agreement signed between Seacon Shipping Group Ltd and the Huangpu Wenchong Shipbuilding in 2019. The first four (4) kamsarmax bulk carriers are scheduled for delivery in 2021, while the remaining two (2) kamsarmax bulk carriers are anticipated to be completed by 2023. Seacon Shipping Group Ltd is currently engaged in a comprehensive fleet optimization program, encompassing the sale of aging vessels and the procurement of contemporary secondhand ships and newbuildings. Chinese shipowner and operator Seacon Shipping Group Ltd’s subsidiary Seacon Ship Management Company holds the distinction of being the largest third-party shipmanagement company in China. Throughout this year, the Seacon Shipping Group Ltd has successfully acquired four (4) secondhand bulk carriers, including three (3) capesize bulk carriers and one (1) panamax bulk carrier, thereby augmenting their fleet to approximately 40 vessels. Seacon Shipping Group Ltd’s subsidiary Seacon Ship Management Company manages all the fleet and offers management services to third party shipowners. 26-December-2020
Chinese shipowner and operator Seacon Shipping Group Ltd acquired 2008 built capesize bulk carrier 207K DWT MV Shin-Ei for around $19 million from Japanese shipowner NS United. Seacon Shipping Group Ltd boosts its presence in the capesize bulk carrier segment. Since 2019, this is the fourth capsize bulk carrier purchase of Seacon Shipping Group Ltd. Seacon Shipping Group Ltd essentially a handymax and panamax bulker operator, but entered into capesize segment. In 2008, 207K DWT MV Shin-Ei was built at Universal Shipyard. MV Shin-Ei is due for dry-docking in January 2021. Essentially, Qingdao-based Seacon Shipping Group Ltd is a ship-manager, though some of the bulk carriers in the company operates are owned by other Chinese corporations. In August 2020, Chinese shipowner and operator Seacon Shipping Group Ltd acquired 2005 built capesize bulk carrier 203K DWT MV Pacific Oak for around $15 million from Japanese shipowner Miyazaki Sangyo Kaiun. In 2019, Seacon Shipping entered into capesize sector with the acquisition of 2002 built capesize bulk carrier 170K DWT MV Seacon Brazi (ex MV Shinyo Endeavour) for around $11 million from Hong Kong-based shipowner Shinyo International. In February 2020, Chinese shipowner and operator Seacon Shipping Group Ltd acquired 2003 built capesize bulk carrier 171K DWT MV Alam Cetus (ex MV Aquajoy) for around $11 million from Monaco-based shipowner Goodbulk. Seacon Shipping Group Ltd ordered four (4) new-building kamsarmax bulk carriers at CSSC Huangpu Wenchong Shipbuilding. Currently, Qingdao-based Seacon Shipping Group Ltd has a fleet of 22 bulk carriers and 15 tankers. Seacon Shipping Group Ltd’s subsidiary Seacon Ship Management Company manages around 100 ships. 19-October-2020
Chinese shipowner and operator Seacon Shipping Group Ltd has acquired 2005 built capesize bulk carrier 203K DWT MV Pacific Oak from Japanese shipowner Miyazaki Sangyo Kaiun for around $15 million. MV Pacific Oak will be the third capesize bulk carrier of Chinese shipowner and operator Seacon Shipping Group Ltd. Essentially, Seacon Shipping has been operating in handymax and panamax segment. Seacon Shipping has already secured employment contract for MV Pacific Oak. In 2019, Seacon Shipping acquired 2002 built capesize bulk carrier 170K DWT MV Seacon Brazil (ex MV Shinyo Endeavour). In February 2020, Seacon Shipping Group Ltd acquired 2003 built capesize bulk carrier 171K DWT MV Alam Cetus (ex MV Aquajoy). In 2019, Seacon Shipping Group Ltd acquired 15 bulk carriers. In 2018, Seacon Shipping acquired 7 bulk carriers. Furthermore, Seacon Shipping Group Ltd has ordered eight (8) kamsarmax bulk carriers at CSSC Huangpu Wenchong Shipbuilding. Currently, Seacon Shipping Group Ltd has a fleet of 46 ships. 2-August-2020
Chinese shipowner and operator Seacon Shipping Group Ltd acquired 2003 built capesize bulk carrier 175K DWT MV Aquajoy for around $10.5 million from GoodBulk Ltd. Seacon Shipping Group Ltd prepares to carry cargoes under COA (contracts of affreightment). Furthermore, Seacon Shipping Group Ltd does not plan to install an exhaust gas scrubber. Mainly, Chinese shipowner and operator Seacon Shipping Group Ltd is a handymax and panamax shipowner and operator. 2003 built capesize bulk carrier 175K DWT MV Aquajoy is the second capesize bulk carrier that Seacon Shipping Group Ltd has purchased. In 2019, Chinese shipowner and operator Seacon Shipping Group Ltd entered the capesize sector. Seacon Shipping acquired 2002 built capesize bulk carrier 170K DWT MV Seacon Brazil (ex MV Shinyo Endeavour) for around $11 million from Shinyo International. Chinese shipowner and operator Seacon Shipping chartered out MV Seacon Brazil (ex MV Shinyo Endeavour) to Daelim Corp for one year to carry iron ore from Brazil to China. Chinese shipowner and operator Seacon Shipping Group Ltd is optimistic that the shipping market will improve. The dry bulk market has been affected by the post-coronavirus recession. At the end of 2019, Seacon Shipping Group Ltd ordered kamsarmax bulk carrier newbuildings at SSC Huangpu Wenchong Shipbuilding. Seacon Shipping Group Ltd ordered four (4) firm kamsarmax bulk carrier newbuildings and four (4) options. Seacon Shipping Group Ltd will start getting delivery of kamsarmax bulk carrier new buildings in 2022. Chinese shipowner and operator Seacon Shipping Group Ltd is paying around $32 million for each kamsarmax bulk carrier new building. Seacon Shipping Group Ltd has extended the company’s owned fleet by more than one-third in 2019 via secondhand assets and newbuildings. In 2019, Seacon Shipping acquired 14 bulk carriers. Guo Jinkui-led shipowner and operator Seacon Shipping Group Ltd has benefited from low ship prices to extend the company’s fleet. Aside from its shipowning business, Seacon Shipping Group Ltd is the third-largest ship manager in China. Currently, Seacon Shipping Group Ltd has around 120 ships under the company’s management. 29-February-2020
Chinese shipowner and operator Seacon Shipping Group Ltd has acquired 2013 built supramax bulk carrier 56K DWT MV Solar Jade and 2013 built supramax bulk carrier 56K DWT MV Solar King for around $12 million each from South Korean shipowner and operator Polaris Shipping. MV Solar Jade and MV Solar King were built at Taizhou Sanfu Shipyard. Polaris Shipping has exited the supramax bulker sector by selling its only two such ships to Seacon Shipping. MV Solar Jade and MV Solar King were chartered out to steel mill Dongkuk for a long-term charter. Chinese shipowner and operator Seacon Shipping Group Ltd is one of the more active Chinese companies in the secondhand market. Seacon Shipping Group Ltd is not only acquiring resale bulk carriers, Seacon Shipping Group Ltd is also selling some of its vintage bulk carriers. Chinese shipowner and operator Seacon Shipping Group Ltd acquired eight (8) secondhand bulk carriers in 2018 and four (4) secondhand bulk carriers in 2017. On the other hand, Seacon Shipping Group Ltd sold four (4) bulk carriers in 2018. 12-March-2019
Chinese shipowner and operator Seacon Shipping Group Ltd’s 2012 built handyman dry bulk carrier 40K DWT MV Glory Hongkong has experienced severe water ingress off Finland. MV Glory Hongkong was near Finland, en route to St Petersburg when it made an emergency call. MV Glory Hongkong’s crewmembers announced 7 meters of water in the engine room. MV Glory Hongkong’s 22 crewmembers are safe and engine room doors were tightly closed. Chinese shipowner and operator Seacon Shipping Group Ltd have been negotiating a towing contract with a salvor. 9-March-2018
Chinese shipowner and operator Seacon Shipping Group Ltd has ordered two (2) new-building kamsarmax dry bulk carriers and acquired two (2) ulratamax dry bulk carriers from the resale. Seacon Shipping Group Ltd ordered two (2) new-building kamsarmax dry bulk carriers from Chinese CSSC Huangpu Shipyard for 2019 delivery. Seacon Shipping Group Ltd also acquired two (2) ultramax dry bulk carriers from Chinese finance company. Chinese shipowner and operator Seacon Shipping Group Ltd is the biggest private shipping company. Seacon Shipping Group Ltd has a fleet of 30 owned or bareboat-chartered ships. Subsidiary Seacon Ship Management Company manages 86 ships. 28-February-2018