Singapore-based operator Richland Bulk has turned shipowner, with the purchase of a secondhand capesize bulker at auction said to have been sold off by a Chinese bank.
Richland Bulk acquired the Chinese-built, 180,000-dwt Tiger Shandong (built 2011) at auction on China's state-owned Guangzhou Shipping Exchange Platform (GSEP) for $23.31m.
The vessel was formerly traded by Greathorse International Ship Management, which is part of Tiger Group Investments.
