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 China’s Seacon Shipping Group 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 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