Cash Buying


Somap acts as a Cash Buyer in Shipping industry. Role of Cash buyer is to buy ships from Ship owners across the Globe (either on As is basis or delivered to agreed destination) and sell to ship breakers located in India, Bangladesh, Pakistan, Turkey or China, as per market conditions.

Somap is one of the most reliable cash buyer and gives comfort to ship owner for not having renegotiated for any of the over 900 ships they have bought. On other hand it has not pulled out on any of the deal they made with shipbreaker.

Most of the ship owners Somap has done business with, have repeated their business with Somap.

Cash Buying countries

Cash Buying is done in India, Bangladesh, Pakistan, China and Turkey.

For last 4 years, India, Bangladesh and Pakistan has leaded in Ship recycling.

Somap is active in all these ship recycling market and has representation /offices to serve its clients better.

Most of the ship owners Somap has done business with, have repeated their business with Somap.