Samos Steamship snaps up Nissen Kaiun capesize for $26.2m

Samos Steamship snaps up Nissen Kaiun capesize for $26.2m

Greek owner Samos Steamship has acquired 2011-built capesize bulker Global Mercator according to brokers.

The Athens-based owner, which has a history dating back over 140 years, has shelled out $26.2m for the Japanese-built (Universal) vessel, reports Seasure Shipbroking and Advanced Shipping & Trading.

The sale price is well under than the fair market value of $27.5m placed on the bulker by VesselsValue, whose data shows it to be by far the youngest cape to change hands this year.

Samos Steamship has a fleet of 29 vessels on the water, made up of 13 bulkers and 16 tankers, and the capesize purchase marks its first incoming dry bulk deal in over two years.

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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