New Horizons: Beks Maneuvers Its Only Newcastlemax Vessel

Istanbul's Beks Ship Management and Trading concludes the year just as it commenced.

According to Brokers, the Bekmezci family sold their first and only large cargo ship, a newcastlemax, after having it for a year. They earned $1.5 million by selling the 206,000 deadweight tonnage ship named Beks Brown, previously known as Cape Maple.

In the year's opening month, the 2005-constructed bulk carrier was procured for roughly $15 million from Japanese sources. This vessel, manufactured by Imabari, stands as one of the 17 bulk carriers under the Beks fleet.

Beks secured the successful bid for 14 vessels this year, a slight decrease from the 17 obtained in the previous year. The burgeoning fleet now consists of around 44 vessels, collectively valued at nearly $900 million, according to data provided by VesselValue.