KPS ORHAN ALI KHAN

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Latest news

Karadeniz in the market to buy up to three more capes to convert to powerships

Turkey’s Karadeniz has finalised the acquisition of one capesize bulk carrier for conversion to a powership and the purchase of up to three more 14-year-old capes could follow, brokers tell Splash. The company recently purchased Nisshin Trader (172,500 dwt, built 2001) for $9.3m from Nisshin Shipping. The ship is to be delivered to Turkey for conversion to a floating power station or powership, and three further capesize vessels could soon follow. Reports have erroneously suggested the sale of SA Altius and SA Fortius (both 171,600 dwt, built 2001) to Karadeniz has either failed or been successfully concluded. Multiple brokers told Splash today that negotiations are still ongoing with the capes’ current owner Enterprises Shipping & Trading, which is headed by Victor Restis. The price is suggested to be around $9m per ship. http://splash247.com/karadeniz-in-the-market-to-buy-up-to-three-more-capes-to-convert-to-powerships/