Dry CargoEurope

Diligent Holdings continues supramax spree

Dimitris Michalos and Diligent Holdings continue to earnestly build up their fleet of secondhand Japanese supramaxes.

Both Seasure Shipbroking and Advanced Shipping & Trading report that the Greek firm has acquired Mitsui Tamano-built supramax bulker Future Lily (2012) from Japan’s Doun Kisen. Advanced reports the price at low $15m, and Seasure reports $15.5m, while the valuation by VesselsValue is $15.7m.

The Future Lily takes the Diligent fleet to 13 vessels and is the second Japanese supramax acquired by the company this year. In February, Diligent paid $12m to Japan’s Mitsui Soko for the 2008-built supramax Alster Bay. The vessel has since been renamed to Oreo.

Three years ago, Diligent was a single-vessel owning company. It went on a handysize spending spree in 2016 and 2017 to take its fleet to six vessels, and has since switched its attention to supramaxes adding five in 2018 and two this year to date.

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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