Bright Navigation linked to Capital capesize

Bright Navigation linked to Capital capesize

Evangelos Marinakis’s Capital Ship Management has offloaded one of its four capesizes, according to broking sources, with the sale of 2012-built capesize Attikos to Dimitris and George Stefanou’s Bright Navigation.

Bright Navigation is paying around $32.5m for the Attikos (ex K Ambition), which Capital picked up for $23.5m in 2016 from Korea’s SK Shipping according to VesselsValue. The price is slightly higher than the $31.74m market value that VesselsValue places on the ship, but significantly lower than the $37.4m value placed on the ship by MSI.

Bight Navigation has been linked to several capesize deals of late, having acquired its first capesize earlier this year when it forked out close to $15m for the 2003-built Aquabeauty from John Michael Radziwill’s GoodBulk. It also recently acquired the 2006-built 176,000 dwt capesize bulker NSS Grandeur from NS United Kaiun. The two vessels have since been renamed Andros Beauty and Andros Glory.

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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