13-strong RBD Armatori fleet to be auctioned with initial bargain $200m price tag

13-strong RBD Armatori fleet to be auctioned with initial bargain $200m price tag

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.

Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.

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