George Economou has pounced for another bulker. Via Cardiff Marine, the Greek tycoon has taken an 82,000 dwt resale kamsarmax, BSI Lennox, from Berkeley Shipping for $26.5m. The ship, equipped with an electric engine, is due to deliver from China’s Hudong-Zhonghua shipyard shortly.
Clarkson Research noted in its weekly report how this sale highlights fast rising prices for kamsarmaxes. The BSI Lennox’s sister unit, Alpha Ethos, another resale, was sold in January this year for $20.7m, also with a prompt delivery.
Last week, another Economou vehicle, DryShips, bagged four newcastlemaxes for $124m.