Debris from the demise of Japan’s United Ocean Group has showed up again in sales registers. The five-year-old handy Global Arc was sold for $15.5m to compatriot owner Orient Marine.
According to MSI, the fair market value of the vessel is $15.3m and could rise to as much as $17.1m during 2020.
Trustees of the one-time Japanese mammoth have now sold around 40 ships since the company sought court protection in Tokyo at the start of 2016.
Online pricing portal VesselsValue shows that the outfit still has two ships, one 15-year-old supramax, the 54,400 dwt Dyna Voyager, and a seven-year-old PCTC, Morning Cara.