Brokers say Riga-based Aquaship has made a healthy profit on the Oshima-built, 55,000 dwt Admiral Schmidt that has fetched $9.9m from GoodBulk.
The ship was purchased as Federal Baffin from Doun Kisen of Japan for $7.7m in July.
Aquaship is more known for its involvement in reefers, not for bulkers, and the sale appears to be an exit from bulker sector. GoodBulk on the other hand is on the hunt for more bulkers. The company is connected to Monaco’s CTM and parent company Ceres Group and has an aim to build a fleet fast, adding bulkers in all sizes no older than 15 years of age.