Dry CargoEurope

Zodiac linked with $26m cape buy

Photo of Sam Chambers Sam ChambersNovember 11, 2015
5 Less than a minute
Star Bulk

Brokers report that Zodiac Maritime has struck again linking the Eyal Ofer-chaired outfit with its fourth capesize purchase since May.

Zodiac is linked to the 2009-built Aurora Venus for $26m, $1m more than online portal VesselsValue.com values the Japanese-built ship at. The news will bring Zodiac’s cape spending up to more than $100m this year.

Zodiac’s London office declined to confirm the purchase when contacted by Splash.

Brokers commended Zodiac for getting a very good price for the ship – a sign of the depressed markets. Just three months ago, a similar sized and aged capesize was sold for $37m.

Zodiac is listed as operating 12 capesize vessels and 11 VLOCs.

Photo of Sam Chambers Sam ChambersNovember 11, 2015
5 Less than a minute
Photo of Sam Chambers

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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