Zodiac Maritime snaps us Japanese capesize

Zodiac Maritime snaps us Japanese capesize

Eyal Ofer’s Zodiac Maritime is linked by brokers to the purchase of the 180,300 dwt capesize bulker Frontier Ambition (built 2010) from Japan’s Excel Marine.

A price tag of $29m is attached to the deal, significantly lower than the $31.3m fair market value placed on the ship by MSI.

The London-based shipping mammoth has made headlines almost monthly this year, adding tankers in various sizes taking advantage of the historical low prices. This latest purchase is diverting from this pattern, and if confirmed will be the second bulker added by the company this year.

The new addition will be the 23rd cape in Zodiac fleet list. Last time Zodiac added any ships in this segment was in November last year when it added the 2010-built Alexandria VII and 2009-built Rhodes VI for around $50m.

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.

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