The low profile Korean outfit Doriko, best known for its involvement in the larger handysize segment, has taken its first step in the panamax segment in a decade, taking the 76,800 dwt Alessandro Volta for $9.8m.
for $9.8m.The transaction is viewed as firm price for an almost eleven year old ship. It’s also about 20% higher than what the Japanese-built vessel was worth at the beginning of the year, according to online platform, VesselsValue.com.
The ship is the first ship sold by its owner Fuyo Kaiun in years. Most other mid-sized Japanese owners have been shedding tonnage fast throughout 2015 and 2016.
