Marmaras Navigation continues kamsarmax spree

Marmaras Navigation continues kamsarmax spree

Marmaras Navigation has started the year in the same busy fashion as 2018 with several kamrsamax buys.

The Greek bulker owner has acquired 2014 Sanoyas-built kamsarmax Crystal Star from Japan’s Nissen Kaiun, broking sources tell Splash.

The Diamantis Diamantidis company has forked out around $24.5m for the 82,172 dwt vessel, a little higher than the fair market of $24.19m placed on the vessel by VesselsValue and substantially higher than the $23.2m figure given by MSI.

Allied Shipbroking is also reporting that Marmaras has acquired a pair of resale kamsarmaxes, under construction at China’s Jiangsu New Yangzi Shipbuilding, for $27.5m each. The scrubber-ready vessels are set for delivery in October 2019.

Last year, Marmaras added a single capesize and four kamsarmaxes to its fleet, the kamsarmaxes all picked up via bankrupt Toisa in bank sales.

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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