Lyras confirms purchase of SwissMarine kamsarmax - 31/08/2015

London-based Lyras Maritime has confirmed the purchase of a kamsarmax bulker in a rare secondhand move.

TradeWinds reported last week that Geneva-based SwissMarine had confirmed the sale of the 81,300-dwt Pinchat (built 2012) but revealed neither the buyer nor the price. It was said to have gone to Greek buyers for $21.5m or slightly more, although some sources say the price was lower.

Lyras managing director Markos J Lyras says clients of the company have bought the Hyundai Heavy Industries (HHI)-built bulker but he declines to comment on the price. “This acquisition of a vessel with MAN’s latest electronically assisted engine demonstrates our commitment to having the most advanced economic modern vessels,” he said.

A market source, whose company inspected the ship some time ago, apparently disagrees with this evaluation. He says the bulker has a first-generation electronic engine, which is considered not to improve consumption compared to sister vessels from HHI.

Lyras adds that the fact the Pinchat is also a sistership to the company’s three existing kamsarmaxes was a major factor in the decision to buy.

Lyras’s Athens-based management arm, Orpheus Marine Transport Corp, has a fleet of the three kamsarmaxes and one long-range-two (LR2) tanker in the water. All were built at HHI.

In January 2014, TradeWinds reported that the company had booked two firm 115,000-dwt tankers with Sungdong Shipbuilding & Marine Engineering and held an option for a third unit. The ships are believed to be costing about $53.5m to $54m each and are due for delivery in January, April and August next year. Online platform says they are now worth $65.49m each.

“This growing fleet of premium tonnage means that we can continue to provide our charterers with safe transport, top-quality service and reliability, all of which they have come to expect from us,” Lyras concluded.

in, 27/08/2015