Nissen Kaiun sells its best cape

Nissen Kaiun sells its best cape

Several brokers report that the Japanese bulker specialist Nissen Kaiun has shed one of its best capesizes. The one-year-old Japanese built Atlantic Maru reportedly fetched $41m including a bareboat contract for eight years at $9,000 a day.

The sale of the 181,513 dwt ship is with an undisclosed Singaporean buyer, which Splash understands to be Eastern Pacific. Fast expanding Eastern Pacific has also been linked as the buyer in recent days of the 177,000 dwt Shagang First from another Japanese owner, Nikko Kisen.

“This is the first modern cape reported sold in a couple of months,” one broker noted.

Nissen Kaiun is also believed to be close to selling the 177,640 dwt Bulk India to an unidentified Greek owner.

The company’s fleet, including its orderbook, now numbers around 60 bulkers including three capsizes plus 22 other ships comprising a mix of tankers, containerships and LPG carriers.

Japanese interests have been especially active in the dry bulk S&P scene in the past three months.

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.

Related Posts