W Marine snaps up KBS kamsarmax

W Marine snaps up KBS kamsarmax

Greek dry bulk owner W Marine looks set to increase its fleet into double figures with the acquisition of a secondhand kamsarmax.

Broking sources tell Splash that W Marine has picked up 2012-built kamsarmax Tenten from Kairis Brothers company KBS for $18m. MSI values the ship at $20.9m, and expects the value could rise as high as $22.8m in future.

Founded by Yiannis Sarantitis in 2003, W Marine currently has a fleet of nine vessels made up of kamsarmaxes and post-panamaxes. It also has two kamsarmaxes on order at China’s Taizhou Kouan Shipbuilding.

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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