AmericasDry Cargo

CarVal set to pocket tidy sum from handy sale

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.

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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