New Shipping swoops for secondhand NYK Line cape

New Shipping swoops for secondhand NYK Line cape

New Shipping, led by Adam Polemis, continues to dive into the secondhand maket picking up the 2007-built capesize bulker Ocean Crescent from Japan’s NYK Line for $12m.

The capesize is the second ship the Greek company has acquired from NYK this year. On the eve of Posidonia it was reported to have done a $28.3 deal for the purchase of 2002-built 298,400 dwt Nippon. Other vessels New Shipping has acquired this year include the 2008-buit Aframax TH Sonata and a four-year-old dry handysize bulk carrier, the bulker from another Japanese company, Daiichi Chuo.

New Shipping is a spin-off of Polemis Shipping following the decision a few years ago of brothers Spiros and Adam Polemis to go their own separate ways.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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