Seacon Shipping Group Holdings Limited (SEACON) has recently disclosed in an insider notice that it is in preliminary discussions with Cetus Maritime Holdings Limited (Cetus) regarding the potential sale of 13 vessels. Specific details about the ships involved in the transaction have not yet been released.

According to the announcement, the deal may be executed through the transfer of equity in SEACON's subsidiaries that currently own the vessels. Under Hong Kong Stock Exchange listing rules, if the potential sale proceeds smoothly, it would constitute a major transaction for SEACON. The transaction value, based on negotiations, would be determined by the net valuation of the 13 ships, with 30% payable in cash and the remaining 70% settled through the issuance of shares in Cetus or its affiliated entities. As of the announcement date, no legally binding agreement has been signed between SEACON and Cetus, and the completion of the deal remains uncertain.

The proposed transaction with SEACON marks another significant consolidation move for Cetus, a company primarily involved in dry bulk shipping, vessel management, and offshore chartering services. Cetus was formed in 2023 through the merger of Asia Maritime Pacific and Hamburg Bulk Carriers. In 2024, it merged with Chile's Nachipa Corp, expanding its fleet to 65 vessels, including approximately 40 owned ships and 25 chartered units. In 2025, Cetus acquired Australia's Rhumb Maritime to bolster its commercial footprint in small dry bulk carriers and handysize vessels. Currently, Cetus operates a fleet of over 40 owned ships, with individual carrying capacities ranging from 8,500 DWT to 45,000 DWT, totaling roughly 1.3 million DWT in owned capacity.