Nisshin Shipping Offloads Panamax Quartet

Illustration; Image Courtesy: Diana Shipping

Japanese shipping company Nisshin Shipping has decided to offload four Panamax bulk carriers for a total of USD 60.8 million, according to data provided by VesselsValue.

Built in 2013 by Japan’s shipbuilder Jiangsu New Yangzijiang, the vessels are being bought by Greek shipowner Star Bulk Carriers for a price of USD 15.2 million a piece.

The bulkers in question are the 81,700 dwt Canon Trader II, Kapetan Trader I, Kapetan Trader 2, and Kapetan Trader 3.

The latest sale marks the continuation of Nissin Shipping’s selling spree as the company aready agreed to dispose of a number of its Panamax bulk carriers earlier this year.

Namely, in mid-February the shipping firm reached an agreement with an unknown South Korean owner to sell the 2012-built Bergen Trader I and 2013-built Bergen Trader 2.

Also in February, the company sold its Billion Trade II to Greece-based Pavimar SA, while it agreed to sell its Epson Trader 2 bulk carrier to Chartworld Shipping earlier in January 2017.

Following delivery to the vessels’ respective owners, Nisshin Shipping’s fleet will consist of 32 bulk carriers and 17 tankers, data from VesselsValue shows.

World Maritime News Staff

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