Damon Vessel Reviews and Specifications

On August 20th, we proudly added a new vessel to our fleet, the Star Damon, a modern supramax ship designed to enhance our operations. This significant update coincided with the retirement of our long-serving open hatch vessel, the Star Fuji, which we bid farewell to just a day later. On August 21st, we officially handed over the 34-year-old Star Fuji for recycling at Leyal Ship Recycling in Aliağa, located near Izmir, Turkey. This yard is well-known to us, as it was the same facility that handled the recycling of our previous vessel, Star Gran, back in February. It’s a bittersweet moment as we take this step forward in our fleet’s evolution.

GriegMaas, the dynamic partnership between Norwegian shipping leader Grieg Star and investment powerhouse Maas Capital, is thrilled to announce the latest addition to its fleet: the Ultramax vessel, Star Damon. Previously recognized as GH Frankel, this impressive vessel, built in 2012, was acquired this year from Celsius Shipping. Measuring 199 meters in length with a beam of 32 meters and a draft of 13.3 meters, Star Damon is set to enhance GriegMaas's operational capacity significantly. The vessel will become an integral part of the G2 Ocean conventional bulk pool, further strengthening the company's position in the maritime industry.

In a notable maritime transaction, a vessel has been successfully sold for an impressive $16.9 million to buyers based in Europe. This sale underscores the strong demand within the maritime sector as buyers seek to expand their fleets. The details surrounding the specifics of the vessel remain confidential, but the high value of the sale highlights the robust market activity and optimism in the European maritime industry.