Handysize vessels dominate market

PUBLISHED : Wednesday, 03 August, 1994, 12:00am
UPDATED : Wednesday, 03 August, 1994, 12:00am

MOST of the second-hand ship sales action again has been in the Handysize sector where firm prices are being paid, particularly for Handymax vessels, according to brokers.

Chinese interests have bought the Vergina (34,388 deadweight tonnes), built by Osaka in 1975, for US$4.75 million, according to Wallem Shipbroking (Hong Kong).

MOC has sold its well-maintained Panamax Ravenna (60,866 dwt), built by Hitachi in 1977, for $7.3 million to Piraeus Greeks.

Dileship has purchased the Wah Tung controlled Great Harvest (37,600 dwt), built by Osaka in 1982, for $11.7 million.

Marmaras has purchased City of Port Louis (36,850 dwt), built by Kurushima in 1984, for $12.5 million.

The company also has bought the MOC-controlled Ulla (28,935 dwt), built by Hyundai in 1985, for $10.65 million.

Dooyang of South Korea is believed to have purchased the Eastern Fame (40,016), built by Imabari in 1986, for $16.4 million.

The Tess 40-type Kelvin Challenge (43,474 dwt), built by Tsuneishi in 1985, is reportedly to be tied up to Indian buyers for further negotiations at $17 million.