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Sales slow, but interest in used vessels healthy

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SCMP Reporter

DESPITE a lack of concluded sales last week, healthy interest remains in the market for reasonable quality, second-hand vessels, according to Wallem Shipbroking (Hong Kong).

Modern Capesize and Panamax ships are attracting plenty of inspections despite the uncertain freight market, the brokerage said.

For example, 11 buyers are due to inspect the Bulktrieste, about 69,201 deadweight tonnes (dwt), built in 1984, in Rotterdam this week.

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In Baltimore recently, seven buyers went on board to inspect the Zen Noh Maru No 1 (64,379 dwt) built in 1984, and six buyers went to see the Sabina (145,177 dwt) built in 1982.

In the market for tankers and combination carriers, the product tanker Pride (36,834 dwt), built in 1980 by Kasado, has been sold to Tanker Pacific of Singapore for US$9.8 million.

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Iolcos of Piraeus has bought the ore-oiler Blue Star (93,070 dwt), built in 1977 by Taiwan SB, for $4.6 million, and the ore-bulk carrier Bulk Star (145,057 dwt), built by Sumitomo in 1972, for $5.25 million.

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