Dry CargoEurope

D’Amico Dry to offload another elderly panamax

Italian shipping company d’Amico Dry has started its strategy of dismissing aged dry bulk tonnage while taking delivery of newbuildings.

Several shipbrokers are reporting that the 199-built  Medi Tokyo is being sold to Chinese buyers for $3.5m and there were no denials from the d’Amico group following a request on the matter sent from Splash yesterday.

This deal will be probably the first of a series of sales considering what Cesare d’Amico (pictured) said at the recent at the Mare Forum Italy gathering. “Our strategy for the near future is to either scrap the oldest vessels, or sell the youngest among the oldest ones as we take delivery of new ships,” he elaborated.

The same company a few weeks ago was linked to the sale of the 13-years old Medi Nagasaki due to be bought by Greek interests.



Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.
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