Miyazaki Sangyo puts cape up for sale

Miyazaki Sangyo puts cape up for sale

Diverse Japanese owner Miyazaki Sangyo Kaiun is close to completing the sale of the first cape of the year, selling the 2007-built 177,000 dwt capesize bulker Lowland Erica.

Online portal VesselsValue sets the market value of the ship at $14.68m. The vessel has been inspectable over the weekend in Pyeongtaek, South Korea with a number of owners sending representatives to check out the ship.

Fourteen-ship strong Miyazaki Sangyo Kaiun has three ships in the cape segment.

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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