Navios takes over ownership of Shoei Kisen panamax

Navios takes over ownership of Shoei Kisen panamax

Angeliki Frangou-led Navios has acquired the 2014-built panamax bulker Sea Victory from Japanese owner Shoei Kisen.

The vessel is currently chartered to Navios and according to shipbroking sources, Navios has exercised an option to acquire the 77,100 dwt Japanese-built vessel for a price of $14.5m. VesselsValue‘s valuation of the vessel is $21.03m.

Navios Group currently owns a fleet of 143 vessels, made up of 69 bulkers, 31 containerships and 43 tankers.

Last month, the company ordered an optional VLCC at Japan’s Imabari Shipbuilding.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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