Gleamray Maritime puts panamax bulker up for sale

Gleamray Maritime puts panamax bulker up for sale

Greek dry bulk owner Gleamray Maritime is looking to sell 2008-built panamax Ecosand G.O. and has engaged Clarksons and Arrow to sell the ship.

The vessel is one of a series of four panamaxes in the Gleamray fleet ordered from China’s Hudong-Zhonghua Shipbuilding.

Inspections will take place in Singapore at the end of July and no price has been indicated. Interested buyers have been invited to inspect the ship and submit outright offers.

MSI Forecast Marine eValuator puts the fair market value of the ship at $12.7m.

“The mentioned sale is mainly part of our fleet renewal program that will further reduce the average age of Gleamray’s fleet,” a spokesperson for the company told Splash.

Gleamray was founded by civil engineer George Economou in 1988, and has built up a fleet of 14 Chinese-built bulkers, predominantly made up of panamaxes.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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