Illustrative of the soaring prices for bulk tonnage an 11-year-old panamax that was sold at auction last October in India for US$4m has just changed hands again for US$8.5m.
"It's amazing, more than double," one broking source said on news that the 74,000dwt Grand Legend was sold by Jiangsu Steamship. The vessel was originally auctioned to claw back money from the defunct Singapore bulk owning arm of Mercator Lines last October back when it was called Garv Prem.
11-Year-Old Panamax Bulker More than Doubles in Price Since October
2017-03-24
2452人
Source：Splash
Most ViewsHOT
- MPC Container Ships spends $228m on four 4，500 teu orders in China
- CSSC Shipping signs for newcastlemax newbuilds
- Fujian Guohang lifts options on Wuhu Kamsarmax series
- Hainan Yuzhou Shipping books deck carrier newbuild
- Chartworld eyes New Dayang boxships
- Fujian Highton readies $65m for bulker fleet expansion
- Jinhui agrees third supramax sale
- TS Lines locks in up to 10 newbuilds at Huangpu Wenchong
- BHP signs charters with COSCO for ammonia-powered newcastlemax newbuilds
- Jinhui frees up capital with double leaseback deal
