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.