International Shipholding Corporation offloads two

Brokers report that the US outfit International Shipholding Corporation (ISC) fetched $10.4m each for two 35,000 dwt handysize bulkers,  EGS Crest and EGS Wave, both built in 2011.  The buyer is tipped to be United Bulk Carriers.

ISC’s strategic plan includes selling the Glovis Countess, a PCTC, to access equity and to divest from dry bulk where it has 17  vessels. ISC has been looking to sell the EGS Tide, EGS Crest and EGS Wave (all built 2011) for more than a year.

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.

Related Posts