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Nissen sells its third cape this year

Japanese shipping mammoth Nissen Kaiun has sold its third cape this year. The latest sale exemplifies the dramatic price increase in the secondhand cape market. Brokers report that Nissen sold the ten-year-old, 182,000 dwt Eibhlin for around $30m.

In a comparable deal from February, Nissen sold the slightly smaller 180,600 dwt Cologny. This nine-year-old Tsuneishi Cebu-built ship fetched around $7m less than the latest deal.

The first cape sold this year by Nissen was sealed in January. Then, Nissin sold the 11-year-old, 176,000 dwt, Namura-built King Ore for $10m less than the latest sale.

Nissen has been pruning its bulker arm over the last couple of years. This year it has found time to sell eight bulkers, the same number as it sold throughout 2020.

Data compiled by VesselsValue counts 158 ships in the Nissen fleet, with an average age of just four years.

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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