Berge Bulk Shipping

Singapore based shipowner and operator Berge Bulk Shipping acquired buys five-year-old capesize bulk carrier. CEO James Marshall led Berge Bulk Shipping acquired 2014 built capesize bulk carrier 176K DWT MV Bulk Success for around $24 million from HNA Marine, China. MV Bulk Success was constructed at Jinhai Heavy Industries, China.¬†Berge Bulk Shipping is in fleet renewal move. MV Bulk Success’ price tag reflects the firmer capesize freight market is not yet lifting ship values. Estimated sale and purchase (S&P) market value of MV Bulk Success is around $28 million. In March 2019, Berge Bulk Shipping sold 1992 built 263K DWT MV Berge Manaslu and 1992 built 289K DWT MV Berge Denali for demolition. Berge Bulk Shipping operates around 70 bulk carriers.