Nicholas Wirth’s Doris Maritime Services has sold the last four ultramax bulkers in its fleet to Chinese leasing house CDB Leasing.
According to shipbroking sources, the company sold the four 2015 Cosco Yangzhou-built sister ships Naess Absolute, Naess Courageous, Naess Endurence and Naess Intrepid to CDB Leasing for an enbloc price of $75m. MSI values the quartet at $71.6m.
Following the completion of the transaction, the company’s owned fleet will be cleared out.
The company has been reducing its fleet over the past few years, selling 2013-built handysize bulker Perseverance last year and 2002-built handysize Antonia in 2016, as well as offloading 2004-built feedermax boxship Canopus in 2017. It also scrapped 1999-built handysize containerships Otto and Karin in 2017 and 2016 respectively.