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Pola Maritime back in buying mode with PCL handysize deal

Pola Maritime has made its first acquisition in over two years, snapping up 2016-built handysize bulker Glorious Sunrise according to broking sources.

Seasure Shipbroking and Advanced Shipping & Trading have both reported that Pola has forked out $18.5m to Singapore’s Pacific Carriers (PCL) for the Imabari-built ship.

VesselsValue data shows that the 37,800 dwt vessel is valued at $19.17m, and PCL had acquired the ship in October 2017 from Japan’s Nippo Shipping at an undisclosed price.

Pola Maritime, a Russian owned private company established in Cyprus in 2006, currently owns a fleet of ten bulkers according to VesselsValue. The fleet is made up of nine handysizes and one handymax, with the last addition to the fleet coming in 2016.

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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