Dry CargoEurope

Ageing capes finally find buyers

Greek cape specialist Alma Maritime has just offloaded its oldest capesize, securing $12m for the 2003-built, 176,298 dwt Iron Fritz. Splash understands the taker is Greek.

After a record of close to five months with no cape sales, bulker deals are finally coming through with a host of older tonnage thrust on to the market.

Bocimar sold the 171,000 dwt Mineral China (built 2003) to Korean interests for $14m last week in a deal that comes with a three-year charter back agreement at $15,000 a day.

More capes sales are expected in the weeks to come as a raft of 2002- to 2006-built ships are lined up for sale.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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