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
2441人
Source:Splash
Most ViewsHOT
- 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
- MSC ramps up megamax expansion with $1.2bn shipbuilding deal in China
- Winning Shipping acquires a newcastlemax
- Caravel Group sheds Kamsarmax fleet
- Latsco in for Huangpu Wenchong boxship brace
- Formosa Plastics contracts product tanker newbuilds in China
- Seatrade books 2,800 teu newbuild series
- Ningbo Ocean Shipping ramps up fleet expansion