K Line offloads first bulker this year

K Line offloads first bulker this year

Brokers report that the Kawasaki Kisen Kaisha (K Line) has offloaded its first bulker of the year, joining a sting of other Japanese top owners shedding ships fast in a falling market.

The seven-year-old 54,000-dwt Kawasaki-built, Calypso Colossus fetched a similar price to the $8m that online portal VesselsValue.com sets the market value for such a ship.

Other Japanese owners rapidly selling bulkers include Nisshin, Kambara Kisen and Daiichi Chuo who as all been offloading a sting of similarzied sized bulkers in the last couple of months.

Brokers link Greece’s Eurobulk to the K Line purchase.

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.

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