AsiaDry Cargo

Nissen Kaiun in discussions to offload cape

Japan’s Nissen Kaiun is selling the 177,640 dwt Bulk India. The owner is in close negotiations with an unidentified Greek owner who wants the 11-year-old ship, according to brokers.

The vessel is expected to obtain close to $18 m. The last reported sale of similarly aged and sized ship was the Bao Zhu Hai, which was sold for $18.6m some weeks.

The ship is currently in the North Pacific en route to Dampier.

Interest in secondhand Japanese bulker tonnage has been very strong this year, despite the weak freight rate environment with many ships for sale receiving more than 10 interested buyers.

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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