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International Shipholding sells modern supramax

New York listed International Shipholding Corp is going to sell the modern supramax bulk carrier Bulk Americas.

Market sources familiar with the deal told Splash that the shipping company headed by Niels M. Johnsen is in late-stage negotiations to sell off for some $11.5m this three-year-old supramax bulk carrier to Italian buyers. More specifically it seems that the buyer may be Beppe Pratolongo, who is also managing director of the Monaco-based shipmanagement company Shamrock Maritime.
According to latest data released by VesselsValue.com, handy, supramax and panamax ships have seen a decline of about 10% in value over the past two weeks alone. Prices of five-year-old supramax bulk carriers further declined some 52.4% in the last 18 months.
Neither International Shipholding nor Shamrock Maritime would confirm the deal when contacted by Splash.

Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.
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