Dry Cargo

Asset plays star in slowing dry bulk S&P scene

Dry cargo S&P activity has slowed down significantly in the last couple of weeks despite firm charter rates.

While Greek owners remain the most active bidders, keen to purchase vessels that can earn more than $30,000 per day, Japanese owners are still the most active sellers. Also of note, smaller traditional players are circulating their ships for sale.

This week a couple of impressive asset plays have been reported by brokers. Sea Star Ships Management is reported doubling its money on a supramax bought in October, selling the 2002-built Helena for $9m. The Chinese owner bought this ship for $4.9m 10 months ago.

Sales chatter also surrounds a ship belonging to El-Amira. The Egyptian player is reported selling the 2009-built Amira Ilham for $11.5 m. The handysize ship was snapped up for $5m less in November.

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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