NGM Energy finishes the year with ship sales

This year has been slow for one of Greece’s most active and successful S&P players, NGM Energy, run by the Moundreas family. December is proving different.  

Numerous brokers note that the outfit has offloaded the 2014-built supramax Porthos, a Jiangsu Hantong Heavy-built bulker, for $13m, with brokers noting that the buyer is Indonesian account Bahtera Adhigunar. 

NGM Energy has also sold a 13,100 dwt clean tanker called Winter for $13.9m to Vietnamese interests. 

Its last sale before these two was back in March when it sold the 2010-built Epic capesize. This ship is now named Epic Union, registered and owned with Shanghai-based Cape Marine.