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Markets > Market Reports > S&P Dry Cargo > Activity has been consigned to two sectors this week... Archive:
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Activity has been consigned to two sectors this week...

21 January 2013

Activity this week has generally been consigned to the Supramax and Handymax sectors. After the sale last week of the “JASMINE HALO” (56,035 dwt, built Mitsui SB, 2005, C4x30t), another Supramax, the “KT VENTURE” (55,866 dwt, built 2007, Kawasaki SB, C4x30.5t), has reportedly been sold this week by clients of Nagashiki Kisen to unnamed Greek buyers for a price of $18.5 million.
In the older Handymax sector, there have been a number of ships sold this week. Clients of Horizon Denizcilik are understood to have sold the “YOMA 6” (46,641 dwt, built Mitsui SB, 1995, C4x25t) for a price in the region of $7 million to undisclosed Greek interests. The Ch. F. Ahrenkiel controlled “NORMANIA” (42,420 dwt, built 1997, I.H.I., C4x25t) is also understood to have been sold at a relatively firm $8.9 million, again to undisclosed Greek interests. The older “DAEBO FRONTIER” (48,280 dwt, built 1985, NKK Corp., C4x25t) has been committed by clients of Daebo International for a price of $3.5 million to Chinese interests, as well as another 1985 built vessel, the “CAMI” (42,129 dwt, built 1985) which has been committed to undisclosed interests also at levels in the mid-$3 million. Finally, the “SEAPAROS” (39,055 dwt, built I.H.I., 1984, C4x25t) has been sold to undisclosed buyers for an undisclosed sum.
In the Handysize sector, 2 x resale “Trader” class bulkers have now been sold by clients of Tsuji Heavy Industries to undisclosed Greek buyers. The 30,000 dwt vessels, which will deliver from the yard during Q1 2013, are understood to have achieved a price of $17.5 million each, which includes the installation of log stanchions. Otherwise, the Polish Steamship controlled “POMORZE ZACHODNIE” (27,001 dwt, 1985, gearless) has been sold to undisclosed interests for $1.98 million.

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