Sources tell Splash that US-based CarVal Investors has decided to shave off half its handysize fleet getting rid of two modern bulkers, the 35,000 dwt North Star and the sister Grand Marais, both built in 2016.
Splash understands CarVal has fixed a price of $16m per ship, believed to be a good mark up from the price agreed with a yard in China when CarVal ordered the ships back in 2014.
Data VesselsValue has on the outfit shows CarVal will be left with three similar aged and sized bulkers, one of which is in joint a venture with Campbell Shipping.
