Bankrupt Japanese carrier Daiichi Chuo has sold a capesize bulker and its charter to compatriot company NS United.
Katsura (207,800 dwt, built 2010) was reported sold for $60.38m. It is currently on long-term timecharter to Daiichi’s second largest shareholder, Nippon Steel & Sumitomo Metal Corporation, until September 2030.
VesselsValue.com estimates Katsura‘s market value to be $32m.
NS United said in a statement it aims to operate a fleet of 50 capesizes by the end of the fiscal year 2018.
“This is our most important mid-term goal in addition to expanding a share of transportation for Nippon Steel & Sumitomo Metal Corporation,” said the vessel buyer, which expects to receive delivery of the Katsura in November.