Singapore-based Rocktree Logistics is designing and managing the conversion of a post-panamax bulker into a transshipment vessel for Abu Dhabi Ports’ maritime services arm Safeen.
Work to convert the 101,600-dwt Niki (built 2006) at China’s Cosco Guangzhou Shipyard is scheduled for completion in the fourth quarter.
Safeen acquired the ship in April from Larus SA of Greece for a price that was said to be close to $12.1m.
