The Court of Torre Annunziata in Naples has put up for sale at auction the entire shipping branch of RBD Armatori, the company which went bankrupt in January this year.
A fleet of 13 ships made up of three capesizes, four post-panamax bulkers and six aframax tankers will be auctioned on July 24 with a starting price of $200m. Bidders have until July 19 to lodge offers, which are expected to be in high volumes given that the fleet – made up of 2010- and 2011-built vessels – has a market value today of $281m, according to VesselsValue.
Besides its shipping interests, RBD Armatori also controls some properties, which are intended to be auctioned too.
