Kassian Maritime Navigation behind acquisition of Fredriksen kamsarmax

Kassian Maritime Navigation behind acquisition of Fredriksen kamsarmax

Greek owner Kassian Maritime Navigation, controlled by the Pappadakis family, has been identified by brokers as the buyer of 2012-built kamsarmax Sea Ace.

Last week several brokers reported the vessel, built at CSSC Guangzhou Longxue Shipbuilding, as sold by John Fredriksen’s Seatankers to Greek buyers for $18.6m.

Kassian have been active recently, both buying and selling, and have not shied away from bringing in Chinese-built tonnage. Late last year, the company acquired 2013-built panamax Chengyang Eminence, now named Prodigy, from Shanghai Hong Xiang Shipping.

Equasis currently lists Kassian with a fleet of ten bulkers.

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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