One of 2016's busiest bulk sellers has sold a vessel to one of the year's busier buyers. Empire Bulkers of Greece has paid US$8m for a panamax bulker controlled by Japan's Nissen Kaiun. The Imabari-built, 11-year-old 76,596dwt Red Jasmine was inspected by a number of owners before Empire won the rights to it.
Drybulk and container shipping operator Euroseas has recently entered into a memorandum of agreement to acquire 75,100dwt bulker carrier "Capetan Tassos" for a price of US$4.4m.
The Japanese-built vessel is anticipated to be delivered in January 2017.
Euroseas Chairman and CEO Aristides Pittas said that the company was very pleased to announce the acquisition of M/V Capetan Tassos as they believe that the segment is approaching a turning point after a long-time depression.
Evangelos Marinakis-led Capital Ship Management has purchased three Korean capes from SK Shipping. The Greek buyerhas paid a total US$66.5m for the three ships - K. Endeavour, K. Adventure and K. Ambition.
The three vessels were all built by a South Korea-based shipyard in 2011 and 2012.
Greek-German outfit Interunity Management has picked up the 2009-built handysize bulker, Antaeus, and has since renamed it Pioneer Spirit.
The ship previously belonged to Greek outfit Pyrsos Shipping. Brokers reported sale at US$8.9m and it is the most expensive bulker added to the emerging handysize specialist fleet list.
The ship was added from a judicial sale in South Africa, brokers note. In October, Interunity bought another similar sized bulker, also at auction this time in Hong Kong after China's Beihai Maritime Court ordered its detention. The ship has since been renamed Pioneer Skipper.
According to brokers, China Navigation is the buyer of a trio of 38,800dwt handysize newbuildings. The ships were originally ordered by German bulker outfit Bertling. The ships have now been sold by the yard, Huanghai Shipbuilding.
They are named Cumbria, Galicia and Venezia and are of the Green Dolphin design with China Navigation thought to have picked them up for around US$15.4m each.
Nisshin Shipping's rapid fleet pullback continues apace. Having put a trio of kamsarmaxes in the shop window a few weeks back, the Japanese owner has now concluded a deal with Greece's Transmed to sell all three en bloc.
Brokers report that the three sister ships – Mangan Trader I, Mangan Trader II and Mangan Trader III – were sold for US$16.75m each. The ships – all built at Hyundai Samho in 2013 with an LOA of 235m – are the latest in Nisshin's dramatic scaling back of its dry bulk fleet. Nisshin ranks in the top five sellers of dry bulk tonnage so far this year.
Monaco-based bulk giant CTM has emerged as the buyer of the MOL-controlled two-year-old Sampaguita Dream capesize.
The Tsuneishi Cebu-built 180,000dwt vessel has already changed name to True Dream. Japan's MOL has now sold three modern capesizes in quick succession.
CTM manages a fleet of around 80 bulkers. The company is also involved in a new venture, Capesize Chartering (CCL), which it formed at the beginning of the year with Bocimar, Golden Ocean and Star Bulk.
Nasdaq-listed bulker owner and operator Eagle Bulk Shipping Inc. has bought a 61,000dwt Ultramax dry bulk vessel built at Nantong COSCO Kawasaki Heavy Industries Engineering Co., Ltd. (NACKS).
The 2016-built bulker, scheduled to be delivered to the company in November, will be renamed Stamford Eagle.
Eagle Bulk said that this is the first vessel acquisition for the company in more than 6 years and "reflects management's renewed commitment to invest in a high-quality fleet renewal and growth strategy within the Supramax/Ultramax segment."
Featuring a length of 200 meters and a width of 32.2 meters, the 34,447 gross ton ship has a capacity of 77,546 cubic meters.
The vessel, which has a market value of US$19.7m, was previously named Port Belavista, according to data provided by VesselsValue.
Mumbai-listed bulker specialist Chowgule Steamship has fetched around US$16m for its youngest ship, a 34,900dwt bulker, named Maratha Premier
The seller, Chowgule Steamship, has recently explored sales and purchases opportunities for its coastal and river trade business domestically.
Chowgule Steamship was established in 1963 and is a pure bulk player.
Chowgule Steamship is listed with five ships including the Maratha Premier in the Equasis fleet register and is a part of the much bigger conglomerate Chowgule Group of companies from Goa, India.
Low key Balthellas Chartering has made a move into the secondhand market.
Sources say that the Greek venture has picked up last week's most popular kamsarmax. They reveal that the owner and manager turned out to be the highest bidder for a ship which more that 10 owners sent their representatives to China to inspect.
The company is spending US$10.7m for the nine-year-old Japanese built kamsarmax Barock built at Tsuneishi Shipbuilding, a firm price for the vessel, compared to the recent sale of another similar sized Tsuneishi-built ship, the one-year older Abyo Oprah, which fetched US$9.5m. Barock was owned by Kambara Kisen, the sister firm of Tsuneishi.
Balthellas is listed with a couple of elderly general cargo vessels in its fleet according to the Equasis fleet register.