Harry Vafias has bagged a bargain capesize. Multiple shipbroking sources link the Greek owner to the 2005-built, 176,300 dwt capesize bulker Maritime Power owned by compatriot company Phoenix Energy Navigation with an incorrect price tag of $13.5m reported.
Sources at Brave Maritime Corporation, part of Vafias’s Stealth Maritime empire, confirm the deal, but told Splash today the Japanese-built ship had been bought for just $12.9m. VesselsValue puts a price of $13.7m for the ship.
The cheap price, brokers tell Splash, is likely down to the fact the bulker has special surveys due and still needs to install a ballast water water treatment system.
Brave Maritime’s fleet prior to the cape deal consisted of four ships – a handy bulker, a tanker and two LPG carriers.
Brokers tell Splash that there are now a raft of 2002- to 2006-built capesizes being lined up for sale after a record five-month period of no cape sales was brought to an end in April with news of Fred Cheng’s Shinyo International selling two capesizes.