A widely reported cape newbuilding sale from South Korea’s Sungdong Shipbuilding has failed, according to sources.
The 180,000 dwt Maria D, also known by brokers as hull number H1202, was reported sold mid-November for just under $40m. Online portal VesselsValue.com values the ship now at around $34 m.
The vessel is one of a series ships originally ordered by Greece’s Marmaras Navigation in in 2013, at a price of $46.5m each. Since then these ships have become the source of much conjecture and debate. The financially troubled Sungdong reportedly turned owner and laid a trio of capes, including the Maria D, for sale. There has been a dispute between Marmaras and Sungdong over the three bulkers, according to market players.
A Marmaras official told Splash that the Greek company will now take delivery of Maria D and another ship shortly.
