Idan Ofer’s Eastern Pacific Shipping (EPS) has found a buyer for one of its four remaining ultramaxes, a vessel that’s been in the shop window for months.
Despite uncertainty in the segment, EPS managed a to bag a very firm price for its youngest ultramax, the one-year old, Chinese built 61,200 dwt Divinegate, sold for just under $23m.
, sold for just under $23m.Only a few modern ultramaxes have sold so far this year and most of these are headed to cash-rich accounts in the Middle East such as Oman Shipping and ADNOC Logistics and Services.
The sale leaves EPS with the nine-year-old 53,000 dwt, Bridgegate, the 2014-built Devongate and the 2017- built Daimongate, all trading in C- Transport Maritime’s pool.
