Stam Shipping Sells Recycling Bulk Carriers

Credit: Alba-I-Ernst-Gert-Schmidt-Marine-Traffic

Stam Shipping sells bulk carrier for recycling, writes Adis Ajdin for Splash 247.

Greece’s Stam Shipping

Greece’s Stam Shipping appears to have sold its last remaining bulk carrier for recycling.

Cash buyer Best Oasis reported that the 2001-built Alba I has gone to Bangladesh for an undisclosed price tag.

Stam bought the 74,800 dwt panamax as Fortune Trader for a reported price of $9.3m in October last year. The ship’s scrap value is around $7.15m, according to online pricing platform VesselsValue, and also Stam’s only owned unit.

2010-built general cargo ship Nodus

In addition to Alba I, ship register Equasis lists the 2010-built general cargo ship Nodus in the company’s fleet.

The Stamaris Sarris-led outfit arrived on the Greek shipping scene in 2009, splashing over $60m on three handysize bulkers and later adding five more ships, all of which have since been sold.


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Source: Splash 247