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Deniz Nakliyati fleet sell-off thwarted as supramax deal collapses

Deniz Nakliyati fleet sell-off thwarted as supramax deal collapses

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Turkish owner Deniz Nakliyati, also known as Turkish Cargo Lines, has had to put two supramaxes up for sale once again after a deal for the vessels fell through.

Grieg Shipbrokers London circulated the 2011-built DN Millet and DN Vatan for sale on Friday, confirming the failure of the previous deal and inviting offers in the region of $30m en bloc.

Affinity Shipbrokers recently reported the vessels sold to Greek outfit Newport SA for a price of $29.8m. It is not yet clear why the deal with Newport, who own six bulkers according to Equasis, fell though.

Deniz Nakliyati has been working to sell off its fleet for a few years, and is down to these last two vessels.

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Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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