Taiwanese shipping company Wisdom Marine Lines Co Ltd has successfully sold one of its handysize bulk carriers, freeing up space for new vessels. The company, based in Taipei, offloaded the 2015-built handysize bulk carrier, 37K DWT MV Bunun Glory, to Istanbul-based Manta Denizcilik for around $21.5 million. This transaction marks Wisdom Marine Lines Co Ltd’s second vessel sale in 2024, led by Lan Chun Sheng. The MV Bunun Glory, purchased as a resale for $22 million in April 2015, is projected to generate a profit of just over $10 million. Wisdom Marine Lines Co Ltd operates a fleet of more than 100 bulk carriers, averaging around six years in age. The company anticipates further improvements to its fleet profile within the next two to three years as it expects the arrival of nearly 20 new bulk carriers, including two handysize vessels built by Imabari, set to join the fleet in the fourth quarter of 2024. Manta Denizcilik, the buyer of the MV Bunun Glory, is a prominent Istanbul-based shipowner and operator known for its strategic investments in the bulk carrier market. Established over a decade ago, Manta Denizcilik has built a reputation for acquiring high-quality vessels to enhance its operational capabilities. The company’s fleet primarily consists of medium to large bulk carriers, strategically used to capitalize on regional trade routes around the Black Sea and Mediterranean areas. Manta Denizcilik is committed to expanding its fleet and presence in the global shipping market, emphasizing sustainable practices and efficiency in its operations. 3-August-2024
Turkish shipowner and operator Manta Denizcilik acquired 2000 built handysize dry bulk carrier 31K DWT MV Neva (ex MV Boka) for around $7 million from Monaco based Dabinovic. Manta Denizcilik acquired four (4) handysize dry bulk carriers between 2017 and 2018. With the acquisition of MV Neva (ex MV Boka) Turkish shipowner and operator Manta Denizcilik increased its fleet to nine (9) ships. MV Neva (ex MV Boka) was built at Japanese shipyard Hakodate like all other latest acquisitions. Manta Shipping was established by Mecit Cetinkaya and currently controlled by his descendants. 4-September-2018