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Bangladesh’s most aggressive buyer of secondhand tonnage Meghna Group has started 2025 in the same vein as last year.
The Dhaka-based owner has picked up another modern Japanese-built and owned ultramax bulk carrier adding to at least four units that had joined its Mercantile Shipping Lines last year.
Brokers report Tokei Kaiun’s 2020 Iwagi-built Nord Magellan going to Meghna in a deal worth about $29.2m.
The 63,500 dwt unit, which has been on a long-term charter to Denmark’s Norden, went for $3.3m less compared to the 2020 Tsuneishi-built ultramax Erin Manx back in November, Genoa-based shipbroking group Banchero Costa noted.
Meghna is listed on VesselsValue with a diversified fleet of nearly 60 vessels. The company is also being linked to another Japanese-built ultramax buy, forking out $27.6m for Bocimar’s 2018-built CMB Rubens.
The post Meghna presses on with ultramax buying spree appeared first on Energy News Beat.
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