Dry Cargo
29/2/2012

M/V ALADDIN RAINBOW reported sold to Greek buyers


M/V CLIPPER MERCURY (27,001 dwt 2004 blt New Century) and her 2002blt sister vessel M/V
CLIPPER MORNING have been sold for region US$ 23m en bloc to undisclosed buyers.
The semi box type M/V ALADDIN RAINBOW (32,260 dwt 1999 blt Kanda S.B.) reported sold to
Greek buyers for a price in the region of US$ 10.5m. Turkish interests are reported to have purchased
M/V DIAMOND GLORY (28,515 dwt 1997 blt Tsuneishi Zosen) for US$ 9.2m, the vessel has her
SS/DD due in August 2012 while the logs fitted M/V KEN ANN MARU (32,115 dwt 1997 blt Onomichi)
which has SS/DD due in July 2012 has been sold at around US$ 9.4m.
The Tanker S&P market is quite active this week with a number of sales of modern tonnage to report.
Suezmax M/T MONTE GRANADA (150,581 dwt 2004 blt Universal) has been sold to Tanker Pacific
at US$ 33.7 million a level which slightly surpassed market expectations as in an earlier effort to sell
the vessel buyers had been unwilling to pay above US$ 30m. In the Handysize sector, the product
carrier M/T STI CONQUEROR (40,158 dwt 2005 blt Shina) and her two older sister vessels M/T STI
MATADOR and M/T STI GLADIATOR (40,081 dwt, Built 2003) reported sold for US$ 21m, US$
16.2m and US$ 16.2m respectively to undisclosed buyers. Finally, The fully stainless M/T OAK
GALAXY (19,997 dwt 2005 blt Shin Kurushima) has been purchased by Wilmar International,
Singapore for US$ 19m.

Dry Cargo News

In addition to the announcement covering three newbuilding units made by Ultrabulk on March 19th, Ultrabulk now confirms having added five further units to its long term fleet.The new units are one additional 61,000tdw Supramax bulker to be built at a Japanese yardand scheduled for delivery 2016, joined by another 81,000tdw Kamsarmax bulker for delivery in 2015.
Chinese-based Yangzhou Guoyu Shipbuilding Co., Ltd (YGS) has secured an order from Norwegian shipowner Axel C. Eitzen for the construction of up to nine handysize dry bulk carriers.

A.M. Nomikos of Greece has acquired bulk carrier TANGO QUEEN (dwt 55,649 blt 2007 Japan) at the price of USD 20.1 million, according to broker reports.
Greek owner Laskaridis Shipping has ordered four 64,000dwt bulkers and 2 (+2) kamsarmax bulkers at Penglai Zhongbai Jinglu Ship Industry. Prior to these orders, Laskaridis exercised existing options for two 64,000dwt bulkers and signed a resale contract with Penglai Zhongbai for two panamax bulkers.




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