AsiaDry Cargo

ArcelorMittal linked to Transmed cape resale

ArcelorMittal has been named as the buyer of the recently delivered capesize bulk carrier Agis.

Multiple brokers have linked the mining giant’s shipping unit to a $67.5m resale deal with Greece’s Transmed Maritime.

The 182.334 dwt Namura-built ship was named on September 13 — the first of three capes built for Transmed at the Japanese shipyard.

ArcelorMittal Shipping, which mostly went for post-panamax bulkers in the past, has been linked to three capes this year, including Sinokor’s 2016-built scrubber-fitted Chow and Comanche, which eventually emerged at New York-listed dry bulk owner Genco.

In related deals, Greek owner Nicholas George Moundreas has been linked to a pair of 2011-built capes Glory and Honor with Adam Lemos-led Unisea Shipping for $49m. According to VesselsValue, each ship is worth around $26.5m.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
Back to top button