Taiwan Stock Exchange-listed shipowner and operator Franbo Lines acquired the first capesize bulk carrier. Taipei-based shipowner and operator Franbo Lines expands into bigger bulk carriers. Furthermore, Taiwanese shipowner and operator Franbo Lines is expanding the company’s fleet with six (6) handysize bulk carrier newbuildings at Japanese shipyards. Taipei-based shipowner and operator Franbo Lines acquired 2006 built capesize bulk carrier 177K DWT MV XH Mariner (ex MV XYG Fortune). Generally, Franbo Lines concentrates on bulk carriers that are below handymax size. With the acquisition of the Japanese-built capesize bulk carrier 177K DWT MV XH Mariner (ex MV XYG Fortune), Taiwanese shipowner and operator Franbo Lines entered into capesize bulk carrier market. 28-August-2022
Taiwan Stock Exchange-listed shipowner and operator Franbo Lines acquired 1996 built handymax bulk carrier 42K DWT MV Lauren Ocean for around $5 million. Taipei-based shipowner and operator Franbo Lines looks for more acquisitions after signing for a vintage handymax bulk carrier. Taipei-based shipowner and operator Franbo Lines acquired MV Lauren Ocean from Monica Shipping. Taiwan Stock Exchange-listed shipowner and operator Franbo Lines aim to increase the company’s fleet size and profitability. Franbo Lines will take the delivery of 1996 built handymax bulk carrier 42K DWT MV Lauren Ocean in April. Taipei-based shipowner and operator Franbo Lines announced that said the MV Lauren Ocean will be chartered out soon. Monica Shipping is a single ship-owning entity controlled by Hubei Qin Tai Shipping, with the 1996 built handymax bulk carrier 42K DWT MV Lauren Ocean under the company’s name. 1996 built handymax bulk carrier 42K DWT MV Lauren Ocean was constructed by Croatian shipyard Brodosplit. Taipei-based shipowner and operator Franbo Lines is looking at more bulk carrier acquisitions and Franbo Lines does not have any preferences over bulk carrier size and age. Franbo Lines want to get a good return on investment. In 2018, shipowner and operator Franbo Lines reported revenue of $2.9 million. Franbo Lines believes that handy and hadymax bulk carrier segments, where Franbo Lines operates, will outperform capesize bulk carrier segment. Currently, Taiwan Stock Exchange-listed shipowner and operator Franbo Lines owns and operates thirteen (13) bulk carriers. 11-March-2019