Brokers tell Splash India’s Great Eastern has snapped up the seven-year-old 179,000 dwt Hanjin Cape Lambert.
The ship has not been on the market for a long time but still fetched a solid $19.5m despite a recent dip in the Baltic cape index. The sale showed that modern capesizes continue to attract attention, notes one broker. VesselsValue.com prices the Hyundai Heavy Industries built bulker at $18.21m. The acquisition doubles Great Eastern’s cape fleet having bought the 179,000 dwt Cape Althea from Japan’s K Line in June.
In addition to the above capesize, Great Eastern has also been linked to the purchase of a simlar aged Japanese built supramax, the 58,000 dwt Star Manx, for just under $12m.