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

Dry bulk shipping firm Golden Ocean reported first-quarter earnings below forecasts and said its market had gone from “bad to worse” with market conditions not seen in three decades. Golden Ocean, controlled by shipping tycoon John Fredriksen, said its made a net loss of $75.3 million in the first quarter, below expectations for a loss of $27 million, the result was weighed down by a $141 million impairment charge on its vessels.
A prolonged period of paltry returns and overcapacity in the dry bulk freight market has resulted in the creation of new shipping pools by shipowners to help stay afloat.
FreeSeas, a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize vessels, announced that it has entered into an agreement with a group of Norwegian based investors for the financing of the acquisition of assets valued up to US$15 million.

Carriers report (W21) that Pantheon Tankers has placed an order at Hyundai Heavy Industries for two tanker vessels (dwt 300,000) set to be delivred 2016 at the price of USD 96 million. The same report mentions Maran Tankers have exercised an option at Daewoo for two tanker vessels (dwt 158,000) at the price of USD 66 million. Delivery is slated for 2017.

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