Neptune Dry snaps up a second ultramax from KN Maritime

Neptune Dry snaps up a second ultramax from KN Maritime

Melina Travlos and her dry bulk outfit Neptune Dry Management have returned to Japan’s KN Maritime to acquire their second ultramax bulker, shipbroking sources have revealed, paying around $23m for 2016-built ultramax Loch Ness.

Neptune Dry entered the ultramax sector in January, paying around $24.25m to the same seller for the 2016-built Loch Nevis. Both vessels were constructed at Japanese yard Shin Kurushima Toyohashi, and the Loch Nevis has since been renamed ND Aristeia.

Neptune is traditionally a pure car truck carriers owner, but in 2017 the Travlos vehicle 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.

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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