AsiaDry Cargo

More modern cape tonnage put up for sale

More modern cape tonnage from this decade is finally being circulated for sale. After a four-month hiatus, the first cape sales of 2019 started in April, but up until last week the ships sold had all been built around the middle of the last decade. This is now changing, led by Japan’s Nissen Kaiun huge fleet renewal programme.

Earlier this month Nissen Kaiun decided to let go of the 182,300 dwt Global Mercator (built 2011) to Samos Steamship for $26m. The deal was the first semi-modern cape deal in 2019.

Now all eyes are on the Japanese mammoth’s next sale as it has decided it’s time to sell the one year younger Australia Maru. This ship is inspectable in Caofeidian at the end of July, and is the most modern cape candidate currently circulated for sale.

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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