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NGM Energy sells 2010-built cape for $32.5m

The highly active S&P markets continue with notable activity in the bulker sector.

This week, a famous Greek name has emerged at the top of multiple broker reports. 

Greek owner NGM Energy is reported to do what it does best, pocketing millions from buying and selling ships. 

This time, NGM Energy has sold a cape – the 2010-built Epic – that it added four years ago for $18m, selling it in a rising market for $32.5m to undisclosed interests.  

The ship was a cash cow for NGM, who added it from Stamatis Molaris-led Alma Maritime when it was named Cape Leonidas. 

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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