S’hail adds panamax bulker pair to Baumarine pool

Image: S'hail Shipping
Image: S’hail Shipping

Qatar-based S’hail Shipping recently added two of its panamax vessels to the Baumarine bulk carrier pool under Norway’s Torvald Klaveness.

The 2006-built S’hail al Rayan and the 2005-built S’hail al Dukhan are the fourth and fifth vessels overall to join the Baumarine pool, which also consists of another S’hail-owned bulk carrier and two post-panamax vessels from China’s Cosco Shipping.

S’hail had acquired the two new additions from separate shipowners in May of this year for a total price equivalent to US$20.6 million.

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