Aswan picks up Hyundai Glovis post-panamax bulker

Qatar limestone specialist Aswan Trading and Contracting has acquired Japanese-built post-panamax bulker Glovis Donghae, according to brokers.

Both Seasure Shipbrokers and Advanced Shipping & Trading are reporting that Aswan has forked out a little over $11m to Korea’s Hyundai Glovis for the 2004-built vessel. Seasure is reporting a price of $11.2m, despite a VesselsValue valuation of $9.2m, while Allied is reporting a price of $11.3m.

Hyundai Glovis acquired the vessel (formerly named Eternal Power) for just $6.2m in April 2016.

Aswan currently has a fleet of two vessels, made up of one handysize bulker and one post-panamax bulker.