Around the beginning of the seventies Sanko was about everywhere, (except liner trades). They owned and chartered a sizeable bulk carrier fleet, operated a large number of combined carriers and several VLCC's. It went all wrong with their Aframax deal whereby so called Tie-In ships were to be chartered out to other tanker companies. The 1973 oil crises and its aftermath ruined the success of this venture to a great extent.

You're welcome pieter. Sanko, after building up a substantial size crude oil tanker fleet (1960's), over-extended themselves by expanding their business in the bulk/dry cargo area. Perhaps focusing only on the dry cargo shipping side will allow them to return to profitability.

Thanks Andrecas for that useful peace of information. Perhaps their business model will be a bit more cautious than before and better timed, to avoid disasters like the Aframax deal and the handy sized low power bulk carrier glut from the eighties.

@ pieter..... That appears to be the case. Sanko Line fleet list shows two vessels....
Sanko Fortune IMO9532202 (2012 build) and Sanko Hawking IMO9888467 (2021 build).

The following from on line source(s)....

"Sanko Steamship, one of the most high profile shipping bankruptcies of the past decade, has kicked off the 2020s by making its first vessel acquitision in years.

Sanko, the biggest shipping casualty of the 1980s, went bust again in 2012 and had since been cutting its fleet back in size dramatically, down from triple figures, to one solitary panamax bulker, the 2012-built Sanko Fortune as of the start of this year.

Brokers are now reporting however that Sanko Steamship is back on the expansion trail. Diamond Star had several parties make offers for its 2014-built kamsarmax Majestic Sky. After a number of bids were lodged, Sanko is understood to have taken the bulk carrier for $21.6m. The Japanese-built ship has a drydocking due in April".

Is this the third re-emergence of Sanko?