Rates rise gives lift to sales of large ships
THERE have been several Capesize Panamax sales in the past week as freight rates have firmed for these larger ships, according to Wallem Shipbrokers (Hong Kong).
World-Wide Shipping Agency continues to sell off tonnage while Pan Ocean's purchasing of Handysize bulkers continues unabated.
World-Wide has sold its Suezmax tanker Rhapsody (139,527 dwt), built by Koyo in 1977, for about US$7 million to Bergshav, representing Greek interests.
The Anand (30,616 dwt), built by Wilton-Fijenoor in 1973, has been sold on a bareboat hire-purchase basis to undisclosed buyers for $2.5 million.
In the bulker market, Zodiac is believed to have bought the Tsukuba Maru (201,227 dwt), built by Sumitomo in 1983, for $23 million.
The ore-oiler Steel Glory - formerly the Kashee - (138,675 dwt), built by Ishikawajima in 1975, has been sold by Cheer Glory of Hong Kong to Efshipping of Piraeus for $4 million.
The El Pionero (129,882 dwt), built by Mitsubishi in 1976, was bought by N.G. Moundreas for $6 million.
Brave Maritime of Piraeus has purchased the World-Wide controlled Panamax Presence (61,569 dwt), built by Koyo in 1982, for $10 million.
Indian buyers have purchased the geared Panamax Gemini (55,822 dwt), built by Sanoyasu in 1979, for $9 million.
Pan Ocean continues its recent buying spree with the purchase of Rubin Doga (26,717 dwt), built by Kurushima in 1985, from the Japanese for around $12 million.
The Brazilian-built SD14-type Tweendeckers Frontier and Horizon (14,600 dwt), built by CCN in 1988, are believed to have been sold to Piraeus buyers for just under $10 million for the pair.