Dry Cargo

Top Ships sells bulker M/V Evian

The cape size M/V KOHFUKUSAN (172,566 dwt 1999 blt NKK) has been sold for US $ 15 million to Greek buyers, according to the latest Clarkson Hellas Weekly Bulletin.

The report also notes that Top Ships’ last bulker M/V EVIAN (51,201 dwt 2002 blt New Century) reported sold at US$ 12.2 million; with her sale Top Ships is reverting solely to tanker operations.

Furthermore, the Handymax M/V TARAPACA (46,786 dwt 2000 blt Kanasashi) is reported sold to Greek buyers for US$ 13.85 million.

Dry Cargo News

Scorpio Bulkers announced that the Company has agreed to time charter-out the SBI Montesino, a Capesize vessel that is currently under construction in South Korea with delivery expected in July, 2015.

Lion Shipbrokers report (W25) clients of Tsakos Energy Navigation have acquired two tanker vessels en bloc at the price of USD 97 million each. Also in the tankers segment, Avin International were linked to the acquisition of M/T "BLS AMITY" at the price of USD 20 million. Clients of Thenamaris have moved for tanker vessel M/T "DS VIDONIA" for USD 57.5 million.

Rates for capesize bulk carriers, which climbed this week to their highest level since the start of the year, could come under pressure as charterers limit cargo volumes due to healthy tonnage supply, ship brokers said.

The dry bulk market has been devastating so far in 2015. However, June has somehow reversed it all in less than three weeks if judged by the Baltic Dry Index (BDI). June has delivered what May was unable to – keeping the momentum going. Since the drop in January, we have seen the BDI average at 576 for the four months of February to May.

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