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.