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.