On January 27, Seacon Shipping Group Holdings Limited announced the acquisition of seven small bulk carriers for a total price of 63.7 million euros.
The announcement shows that Seacon Shipping has signed a vessel acquisition agreement with a wholly-owned subsidiary of the seller Baltic Shipping through its indirect wholly-owned subsidiary Seacon Marine. The seven bulk carriers have a gross tonnage of 2,518 tons each, of which five were built in 2023, one in 2022, and another in 2024. All seven vessels are expected to be delivered to Seacon Shipping between April 1, 2025 and June 1, 2025.
The names of the above seven vessels are “Baltic Fin”, “Baltic Grain”, “Baltic Moon”, “Baltic Split”, “Baltic Steel”, “Baltic Sun” and “Baltic Wind”, and the purchase price of each vessel is 9.1 million euros.
According to information, Baltic Shipping was established in 1950 and has considerable market influence in the shipping industry. In terms of market share, it is one of the top five shipping companies engaged in short-sea shipping in Europe, mainly operating routes connecting the Baltic Sea and the Mediterranean. Baltic Shipping specializes in chartering, ship agency, ship management, project cargo, ship operations and loading and unloading of various commodities. Baltic Shipping commercially manages a fleet of more than 95 dry bulk vessels ranging from 1,100 to 14,000 dwt.
It is reported that the seven small bulk carriers, each with a gross tonnage of 2,518 tons, five of which were built in 2023, one in 2022 and the other in 2024. According to the agreement, it is expected that all of these vessels will be delivered to Seacon Shipping between April 1, 2025 and June 1, 2025.
Seacon Shipping said the acquisition of these vessels is in line with the group’s strategy to continuously optimize its fleet by gradually retiring older controlled vessels and replacing them with newer ones, and to expand the group’s controlled fleet.
The Directors believe that as the availability of business opportunities depends on the availability of the Group’s fleet, expanding the Group’s controlled fleet will enhance the Group’s ability to undertake more freight demand and improve the competitiveness of its shipping solutions. This will also enable the Group to further attract potential business opportunities from large market players who typically assess factors such as vessel condition and fleet size when selecting shipping service and ship management service providers.