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

Lion Shipbrokers report in week 38 that M/V "BERGE MCCLINTOCK" (179,515 dwt, blt 2012 Hanjin/S. Korea, AB, 9 HO/9 HA, MAN-B+W 6S70MC-C8) was sold to Greek buyers in the secondhand market (clients of Navios) for USD 52.5 million.
Valemaxes: the world’s largest bulkers and the most controversial ships in commercial shipping in many years may finally be used as they were intended after a deal between Cosco and Vale last week.
In the end, the answer to Brazilian miner Vale’s Chinese shipping problem turned out to be in the problem itself. For two years, Vale SA’s Valemax mega-ships – designed to cut the costs of transporting iron ore to China – have not been allowed to dock at Chinese ports, stalling the miner’s $4 billion strategy.

The Apollo Global Fund of the US has acquired seven bulk carriers and seven tankers in the secondhand market, brokers report. Bulkers Port Elisabeth, Port Maubert, Port Menier, Port Nelson, Port Kelang, Port Mouton and Port Melbourn were snapped up for a total of USD 113.2 million...

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