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

While the broad market’s weakness might explain part of the recent sell-off in the Guggenheim Shipping ETF (SEA) and dry bulk shipping companies such as Safe Bulkers, Navios Maritime Holdings, Diana Shipping and DryShips, these were also negatively affected by falling Capesize rates.
Polembros have snapped up bulk carrier “Zhushui 5” (79.501/2012), the Fearnleys Weekly Market Report notes. The price reported is USD 24.5 million.
Golden Destiny reports Greek players invested a total of USD 1.968 billion in vessel acquisitions during March 2014 (-123,08% change compared to previous month – A 66% rise compared to same month 2013). A total of 58 units were bought by Greeks with an overall deadweight of 5.865.347.

Three capes and one panamax changed hands this week (15) as players are taking position for potential market’s upside; Moundreas of Greece have purchased en bloc cape sisters PACIFIC CHALLENGER & PACIFIC ENTERPRISE (149K BLT 1995/1996 DALIAN/CHINA) for $13 mill each, a level in line with current market.

Market Reports


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