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

Greek owners accounted for 30 pct of all ship acquisitions worldwide in August according to a Golden Destiny monthly report. Greeks bought 23 vessels with a total capacity of 2.14 million deadweight tons and a total value of EUR 622.1 million.

China, the world’s biggest buyer of iron ore, will soak up excess global seaborne supplies of the steel-making material as it sustains demand even amid an economic downturn, according to Vale SA. China’s ore imports in 2015 will rise further from a record 900 million metric tons this year, Claudio Alves, global director of marketing and sales at the Rio de Janeiro-based company, said in an interview.
FreeSeas has confirmed the sale of its second bulker in a week. The company said the laid-up 24,100-dwt Free Impala (built 1997) had gone for $3.6m to reduce its borrowings with the National Bank of Greece.
Since the start of 2005, 9,021 bulkers have been ordered, of which 1,200 were contracted in 2013, followed by less than 500 units in January-August 2014. Although contracting has slowed this year, various ordering trends have emerged in recent years and it is interesting to see which of these remain in play...

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