Doris Maritime looks to sell its last four vessels

Doris Maritime looks to sell its last four vessels

Nicholas Wirth’s Doris Maritime Services has placed its fleet of four ultramaxes up for sale.

Brokers are circulating the only four vessels in the company’s fleet, 2015-built ultramaxes Naess Absolute, Naess Courageous, Naess Endurence and Naess Intrepid. The vessels, built at China’s Cosco Shipping Heavy Industry, are worth between $17.1m and $17.4m each according to VesselsValue.

Doris ordered the ships in October 2013, at a time the vessels were worth around $27m each.

The company has been reducing its fleet over the past few years, selling 2013-built handysize bulker Perseverance last year and 2002-built handysize Antonia in 2016, as well as offloading 2004-built feedermax boxship Canopus in 2017. It also scrapped 1999-built handysize containerships Otto and Karin in 2017 and 2016 respectively.

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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