Marmaras Navigation bought two kamsarmaxes

Kamsarmax bulkers 81K DWT M/V Sadan K and Zeynep K (both built 2010) bought by Greek shipowners at auctioned in Durban, South Africa for $20m plus bunker fuel costs. “K” stands for Kaptanoglu Shipping Turkey. Kamsarmax bulkers were put on the block by UniCredit. UniCredit Bank served a “notice of default and acceleration” on the for payment of $52m.