Melina Travlos and her dry bulk outfit Neptune Dry Management continues to grow at a rapid pace with the company acquiring its third ultramax this year.
Seasure Shipbroking and Advanced Shipping and Trading both report that the Greek owner has forked out $24m for Shoei Kisen’s 2016-built ultramax Ultra Innovation.
VesselsValue values the Imabari Tadotsu-built ship at $21.64m, although the sale includes a 12-month charter to Ultrabulk at index levels.
Neptune Dry entered the ultramax sector in January, having acquired ultramaxes from Japan’s KN Maritime in January (Loch Nevis for $24.25m) and May (Loch Ness for $23m). Both vessels were constructed at Japanese yard Shin Kurushima Toyohashi.
Neptune is traditionally a pure car truck carriers owner, but in 2017 Travlos made a move into the dry bulk market setting up Neptune Dry and snapping up three Japanese supramaxes in three separate deals. The vessels are currently trading as ND Armonia, ND Pistis and ND Thelxis. Loch Nevis has since been renamed ND Aristeia.