Great Eastern buys cape

Great Eastern buys cape

Brokers report that Japan’s Libera Corp has sold its capesize Cape Althea (179,300 dwt, built 2011) to Great Eastern Shipping of India.

The Korean-build cape was sold for $24m and is on long-term charter to K Line, brokers say.

Earlier this week, a report from shipbroker Galbraith’s said five parties inspected the five-year-old vessel in Singapore recently.

The unit was originally contracted by K Line but resold to clients of Libera and combined with a long-term charter to K Line, Galbraith’s said.

The vessel’s owners and charterers have mutually agreed to the sale, the report added.

The reported price is a slight advance on the price of three five-year-old, Korean-built capes sold in late May.

Turkey’s Besiktas Likid Tasimacilik sold sisterships Besiktas and Besiktas Turkmenistan (both 179,800 dwt) to Winning Alliance for $23.75m each.

HMM received $22.2m for Hyundai Trust (179,000 dwt, built 2011), which was sold to Greece’s Marmaras Navigation.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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