Sources tell Splash that the German giant Oldendorff Carriers has just added an ultramax.
The company knows the ship well as it took it on a one-year charter for $4,668 per day just after Christmas last year. Now brokers note that Oldendorff has paid $18.60m for the 2014-built, 64,000 dwt, In Iwagi. The price appears in favour of Oldendorff as VesselsValue prices the Iwagi Zosen-built ship about $1m higher than the reported sale price.
The sale comes from MC Shipping, a shipowning vehicle belonging to Mitsubishi Corporation. MC Shipping is listed only selling two other ships since 2014, one of these, a post-panamax, was also bought by Oldendorff. MC Shipping is listed with 21 large bulkers with a fleet average age of four years.