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Dabinovic Monaco takes its fifth handysize bulker

Monaco-based shipping firm Dabinovic is increasing its fleet with a fifth handysize bulk carrier acquired from Nova Marine Carriers, sources tell Splash.

The ship set to change hands is the 2005-built Sider Dream and the price reported for the deal is around $9.5m. MSI’s eValuator puts the fair market value of the ship at just $8.8m but projects it could be worth as much as $10.2m by next year.

The vessel, previously named Young Spirit, was purchased three years ago by Romeo-controlled Nova Marine Carriers for $9.5m.

Dabinovic dates back to the late 1970s when the Dabinovic family relocated their business interests from Switzerland to Monaco.

Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.
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