Dry CargoEurope

Borealis confirms panamax bulker sale

Christoph Toepfer-led Borealis Finance has announced the sale of 2008-built panamax bulker Paganini for $8.15m.

Splash column Weekly Broker reported the sale in April, citing several shipbroking houses the reported the sale. Intermodal identified the buyer as Greek owner Modion Maritime Management at the time, which has now been confirmed by ship registration information on VesselsValue. The vessel has been renamed  Minoan Sky.

Modion now has a fleet of ten bulkers made up of eight panamaxes, one post-panamax and a supramax while Borealis now has just three bulkers in its fleet.

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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