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Empire Bulkers pays $8m for panamax

Empire Bulkers pays $8m for panamax

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One of 2016’s busiest bulk sellers has sold a ship to one of the year’s busier buyers. Empire Bulkers of Greece has paid $8m for a panamax bulker controlled by Japan’s Nissen Kaiun. The Imabari-built, 11-year-old 76,596 dwt Red Jasmine was inspected by a number of owners before Empire won the rights to it.

Empire Bulkers was formed in March 2013 through a spin off from Empire Navigation. Last year it came in for four ships – a mix of sizes from handy through to kamsarmax.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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