Idan Ofer’s Singapore-based Eastern Pacific Shipping (EPS) has acquired Japanese-built (2010) capesize bulker Graceful Madonna.
Seasure Shipbroking is reporting that EPS has paid $20m to Japan’s Doun Kisen for the vessel, which has its special survey passed and BWTS fitted. The price is slightly more than the $19.4m market value quoted by VesselsValue.
EPS currently has 14 capesizes in its fleet, with a further two under construction with delivery expected in 2022. It also owns a pair of VLOCs, two panamaxes, and a handful of ultramaxes and handysizes which it has been in the process of offloading for some time as part of efforts to focus on the larger bulk segments.