Dry CargoEurope

Kassian signs for $36.5m Mitsui kamsarmax

Pappadakis family-controlled Kassian Maritime Navigation has moved away from the S&P markets for its latest fleet expansion plans. Brokers tell Splash the Greek owner has been in Japan signing with  Mitsui Engineering & Shipbuilding for a widebeam 87,000 dwt kamsarmax. The ship is expected to deliver early in 2021 and has a $36.5m price tag.

Kassian had a very active 2018, buying a number of secondhand bulkers. It has an ultramax on order and its fleet in the water today stands at 10 bulkers and one tanker.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button