AsiaDry Cargo

Dong-A Artemis sale sets very firm threshold for capes

Secondhand capesize prices are spiking fast. Clarkson Research reports South Korea’s Dong-A Tanker looks to have sold a 2012-built cape, Dong-A Artemis, for more than $32m to an unspecified US listed entity that Splash understands is the Restis family linked firm, Seanergy Maritime.

Illustrating how fast cape prices are leaping Dong-A sold two 2011-built sister ships, Dong-A Ether and Dong-A Leto, in January for a price of $44.6m en bloc.

Dong-A has been slimming down its fleet of late, getting rid of a chemical tanker earlier this month and fixing two aframax resales in early February.


Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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