Pan Ocean is said to have emerged as the buyer of a Nisshin Shipping-owned kamsarmax bulker, according to broker reports.

The South Korean shipowner is said to have paid around $7.6m for the 82,656-dwt Epson Trader (built 2007), Japan built vessel.

Pan Ocean is said to have beaten off competition from another seven owners, mostly Greeks, following vessel inspections in France.

A spokesperson for the restructured South Korean shipowner was unavailable for comment as TradeWinds went to press.

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