Dry CargoEurope

Laid-up kamsarmax finally finds a buyer

The seven-year-old, 81,700 dwt Trojan Maritime-owned Rena has finally found a buyer in the form of a new entity called Derby Maritime.

The ship fetched $18.8m at auction after being laid up since November 2017, although it has a fair market value of $21.2m according to MSI. Efforts to sell it had previously failed on a couple of occasions earlier this year.

Last year the ship was banned by Australian authorities after its Greek owner was found to have failed to pay its crew properly. The same vessel was also detained in 2015.

European database Equasis lists the STX-built ship as owned by Saint Apostles Steamship, but all other registers Splash has access to state the ship belongs to Trojan Maritime of Greece, now a single-ship company, and a shadow of its former self when at its height a decade ago it boasted around 10 ships.

Derby Maritime appears on shipping registers as a new company formed in Cyprus with this acquisition as its first ship.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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