Chartworld buys two capesizes for less than $20m

Chartworld buys two capesizes for less than $20m

London: Chartworld Shipping is confirmed to have been the buyer of two capesize bulk carriers from NYK Line for $9.5m apiece – less than half of what a 15-year-old cape would have sold for a year ago.

The Athens-based carrier has purchased the 15-year-old vessels Chitose (171,200 dwt, built 2000) and the Onoe  (172,600 dwt, built 2000), according to brokers’ reports.

Including these sales, five capesizes have been bought and sold so far this year, with an average age of 15.8 years and average price of $11.0m per unit, according to data from VesselsValue.com.

During the same period in 2014, 29 such vessels were bought and sold, with an average age of 7.3 years and average price of $46.2m. These transactions included the resale of five newbuilding contracts.

Two 15-year-old capes were sold during the period for an average price of around $23m per unit.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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    Chartworld buys two capesizes for less than $20m |
    April 24, 2015 at 9:47 am

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