Kassian Maritime picks up Japanese capesize

Kassian Maritime picks up Japanese capesize

Greek owner Kassian Maritime Navigation, controlled by the Pappadakis family, has acquired 2006-built capesize bulker Royal Chorale according to brokers.

It is reported that the Mitsui-built vessel was snapped up from Japanese owner Tokei Kaiun for $20m, not far from the fair market value of $20.2m placed on the ship by MSI.

Kassian has been adding to its fleet regularly this year, with a focus primarily on kamsarmaxes.

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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