Dry CargoEurope

Adam Polemis makes first buy this year

Adam Polemis-controlled New Shipping’s first reported purchase of the year has emerged. New Shipping, which controls some 30 vessels, has taken Daiichi Chuo’s 37,000-dwt Ocean Kite.

Much of Daiichi Chuo’s fleet has been on the chopping block since it sought court protection in Tokyo last September.

The four-year-old dry bulk carrier first showed up in broker reports as sold to Vietnamese buyers for $8.5m in February.  The ship has already changed its name to New Commander.

New Shipping is a spin-off of Polemis Shipping following the decision a few years ago of brothers Spiros and Adam Polemis to go their own separate ways.



Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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