Paul Gurtler-led Interlink Maritime has flipped one of its bulk carriers, concluding the latest in a string of asset transactions.
The Bermuda-based owner, which was linked to a number of sales this year, exercised an option to buy back the chartered handysize bulker Interlink Dignity, financed by Norway’s Ocean Yield.
, financed by Norway’s Ocean Yield.Ocean Yield said in an Oslo Stock Exchange filing it had received gross proceeds of around $11.5m from the deal, resulting in a small book profit in Q2 2022.
The 2015-built ship, estimated by VesselsValue as worth $24.8m, was subsequently sold to London-listed UK fund Tufton Oceanic Assets for $26.3m.
Tufton said earlier it had acquired the vessel at slightly above depreciated replacement cost but that the strong cash flows from its fixed rate time charter of four to six months would de-risk the investment.
In related news, brokers Xclusiv, in its latest report, linked two further sales in the handysize sector to the Carlyle-backed outfit. The 2015-built Interlink Activity and its sister vessel, Interlink Priority, were offloaded to undisclosed buyers for 26.5m each.
