Apeejay Shipping picks up KC Maritime panamax

Apeejay Shipping picks up KC Maritime panamax

India’s Apeejay Shipping continues its buying spree of panamax bulkers over the age of ten years with the acquisition of KC Maritime’s Tsuneishi-built panamax Darya Uma.

Brokers tell Splash that the Indian company is the buyer of the 2005-built bulker for, in a $12.5m deal done a couple of months back.

The vessel will be renamed APJ Kabir Anand.

Late last year, Apeejay bought 13-year old Japanese-built panamax Pugnani, now named APJ Angad 2, to take its fleet past the 5m dwt mark.

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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