Greathorse Shipping

Chinese Tiger Group controlled Greathorse Shipping is in negotiations for a leaseback deal of its four (4) capesize bulk carriers. No deal has been materialized yet. Greathorse Shipping has no plans to exit the dry bulk sector after the deal.

Greathorse Shipping had committed for a leaseback sale of four (4) Qingdao Beihai built capesize bulk carriers to an undisclosed Chinese leasing company at $84 million enbloc.

  • MV Tiger Jiangsu (180K DWT built 2010)
  • MV Tiger Guangdong (180K DWT built 2011)
  • MV Tiger Shandong (180K DWT built 2011)
  • MV Tiger Liaoning (180K DWT built 2011)

Tiger Group is managed by Canadian investors Graham Porter and Gerry Wang. Tiger Group is the leading investor behind CC Xue led Greathorse Shipping. According Graham Porter, the company is simply uninterested in scrubbers. Shanghai-based Greathorse Shipping owns and operates:

  • Chemical tankers
  • Bulk carriers as a tonnage provider
  • Tiger Group’s LNG container shipping project

Greathorse Shipping entered in ultramax segment. Currently, Greathorse Shipping controls 14 bulk carriers:

  • Four (4) capesize bulk carriers
  • Three (3) mini-capesize bulk carriers
  • Four (4) panama bulk carriers
  • Three (3) ultramax bulk carriers

Greathorse Shipping has a positive outlook for the dry bulk market. The future of the shipping business is full of contingencies due to shifting trade and decarbonization policies.

In 2017, Greathorse Shipping sold its containership interests. Greathorse Shipping sold its share of Greater China Intermodal Investments (GCI) to Seaspan. On the other hand, Greathorse Shipping projects to maintain and operate in chemical transportation business.