MANALAGI HITA

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Kambara Kisen continues to sell bulkers

Kambara Kisen, the Japanese owners who also control Tsuneishi Shipbuilding, are in a selling mood. The line has put many ships up for sale this year on the back of the dry bulk slump. The latest three to go are a newbuild pair due for delivery this year and an 11-year-old handymax. Two kamsarmaxes due for delivery soon have been bought by compatriot owner Nisshin Shipping for $22m each. Like many other Japanese owners, Nisshin has been selling rather than buying dry bulk tonnage this year – these resales mark the line’s first buys of the year. Kambara Kisen also invited bids last week for the Tess 52 design handymax Triple Ever with Clarksons Research indicating an unspecified Singaporean owner as the buyer for $7.5m. Kambara Kisen has now sold 10 ships this year.