UK-based outfit Dao Transport, an affiliate of Ray Automotive Carriers, is making waves within the secondhand market.
Dao has determined it’s time to begin fattening its fleet, placing at a time when bulker earnings proceed upwards, shifting its technique from newbuilding to gross sales and buy.

The summer season began Dao with coming into the helpful section, closing in on the Oshima-built 38,000 dwt Port Phillip Bay, now named Unity Star (pictured). This ship was taken over from its Japanese mates Orix Corp. No price ticket is tagged to the deal, nonetheless VesselsValue signifies that the five-year-old bulker fetched round $21m.

Sources additionally inform Splash that the corporate has tabled a $24.4m bid for the 61,000 dwt Nord Hudson, a ship offered by Jan Rindbo-led Norden. This deal is famous with supply later this 12 months.

Gross sales chatter additionally surrounds a 3rd ship, a sister ship of its first helpful, additionally owned by Orix. This ship is called Yuna Orchid.

Twelve-ship robust Dao began out in 2012 with a supply of a collection of supramax bulk carriers from Hyundai Mipo. Since then it has ordered and had delivered a semi-box kind 56,000 dwt bulk provider from Oshima, a pair of 84,000 dwt bulk carriers from Imabari and a collection of 61,000 dwt bulk carriers from Hyundai in Vietnam.