US dry bulk shipping company Foremost Group has put three capesize bulkers up for sale.
According to broking sources, the three bulkers are the 2010-built 178,000 dwt Ping May and 2011-built 176,000 dwt Guo May and Zhong May.
According to MSI, the fair market value for the Ping May is $29m, Guo May $31.2m and Zhong May $28.9m.
Foremost ordered two post-panamaxes at Japan’s Oshima Shipbuilding last month and also has four newcastlemax bulkers on order at China’s Waigaoqiao Shipbuilding.