NRP and W Marine behind Genco panamax buy

NRP and W Marine behind Genco panamax buy

Norwegian investment firm Ness Risan and Partners (NRP) and Greek dry bulk owner W Marine have been revealed as the buyers of Genco’s 2007-built panamax Genco Raptor in a $10.2m deal.

Brokers had reported the vessel sold to unknown Greek buyers, with talk that Zissimatos-led Monte Nero was behind the acquisition.

However, Splash understands that the vessel has been renamed W-Raptor and the owning company traces back to both W Marine and NRP.

W Marine, founded by Yiannis Sarantitis in 2003, and NRP have worked together before. In February, NRP announced that the two had bought a 2012-built kamsarmax together, which turned out to be the New Times-built Tenten (now W Arcturus). W Marine is the commercial and technical manager of the vessel.

NRP announced a similar transaction last week with Greece’s Empros Lines, acquiring a 2011-built 61,000 dwt ultramax bulker in partnership.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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