Dry CargoEurope

Geden sells 4 supramaxes en bloc

Brokers report that Turkish owner Geden Lines has just offloaded four geared, Vietnamese-built supramaxes for $10m each to a Greek owner.

The Turkish tanker and bulker specialist has sold the four ships, Capital, World , Sharp and Celeste at what appear to be an en bloc discount as online portal VesselsValue.com values the ships at around $12m each.

Greek owner New Times is tipped as the buyer of the quartet in one broking report.

Last year, a string of modern 37,000 dwt product tankers was sold to Hafnia Tankers by Geden.

Geden is one of the biggest owners in Turkey and is listed in fleet registers with around 20 ships.

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.

Comments

  1. I believe these four ships are the CAPTIAL, SECRET (not CELESTE), SHARP & WORLD and that their ownership passed to Seoul based, Global Marine Financing Co. Ltd. before their delivery in 2013. If correct, Geden leased the ships fm GMFCL, so unclear who’s decision it was to now sell them.

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