News / Ambitious HR Lines builds feeder sector presence with ship purchases

Credit HR Lines

Bangladeshi feeder operator HR Lines is developing links with Malaysia, Singapore and Sri Lanka buying two second-hand vessels with the promise of more to come – although it has shelved plans for newbuildings.

MD Raimah Chowdhury told The Loadstar had taken delivery of the 1999-built 1,100 teu HR Turag (ex-Maersk Arun), acquiring the vessel from Maersk Line in November for an undisclosed price. Its current market value is $6.45m.

The 2003-built 1,700 teu SITC Bangkok has been acquired from  SITC Shipowning and is expected ...