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Monday, October 6, 2025
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Home Dry Bulk Shipping News

Chinese seek out vintage capesizes

October 6, 2025
in Dry Bulk Shipping News
Chinese seek out vintage capesizes
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Two Chinese outfits have emerged as the buyers behind a pair of vintage capes recently sold by Stamatis Tsantanis-controlled Seanergy Maritime and United Maritime, both of which have now been delivered.
According to VesselsValue data, Seanergy’s 2010-built, 180,000 dwt Geniuship (built at HSG Sungdong) has been sold for $21.6m to China Huarong Financial Leasing. In a rare move for the financial player, the company is also listed as the commercial controller, operator, and manager of the vessel. The ship has been renamed Tosco Qianan, joining a portfolio of 11 capes associated with Huarong —though this is the first unit noted as commercially controlled under its name.
Meanwhile, Shanghai Ruikeda Shipping Management has doubled down on its cape ambitions by acquiring United Maritime’s 2005-built Goodship (177,536 dwt, built at Mitsui Ichihara). The vessel has been renamed Sea Cetus. Ruikeda last made headlines in 2024 when it expanded its fleet with the 2007-built, 203,000 dwt Panoramix, named after the druid character from the Asterix comic series.
The two off-market deals underline a strong Chinese appetite for older tonnage amid rising cape values.
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