Doriko takes first panamax in a decade

Doriko takes first panamax in a decade

The low profile Korean outfit Doriko, best known for its involvement in the larger handysize segment, has taken its first step in the panamax segment in a decade, taking the 76,800 dwt Alessandro Volta for $9.8m.

The transaction is viewed as firm price for an almost eleven year old ship. It’s also about 20% higher than what the Japanese-built vessel was worth at the beginning of the year, according to online platform, VesselsValue.com.

The ship is the first ship sold by its owner Fuyo Kaiun in years. Most other mid-sized Japanese owners have been shedding tonnage fast throughout 2015 and 2016.

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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