Nisshin Shipping finally offloads panamax

Nisshin Shipping finally offloads panamax

Tokyo: The 76,000 dwt bulker Million Trader, which had been reported as sold several times this winter, has finally found a buyer.

The Japanese owner, Nisshin Shipping, only fetched $9.3m for the 11-year-old ship.

In March, the vessel was tipped as sold to Modion of Greece for around $10m. This sale was never finalised however.

Tanker specialist Avin International, which has a fleet of some 20 tankers, is now tipped as the buyer of the ship. The company also has a four-year-old, slightly smaller bulk carrier in its fleet list. A spokesperson for Avin declined to confirm the acquisition when contacted by Splash.

A year ago a sister ship of the Million Trader was sold for twice the price.

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