Germany’s NSC Schifffahrtsgesellschaft has sold four post-panamax bulk carriers to unnamed European buyers for a combined price of $41.1m, according to brokers.
The 93,000-dwt vessels Tango Sea, Tonda Sea, Tana Sea (all built 2011) and Tonic Sea (built 2012) were all reported sold for $9.5m each.
A 2011-built vessel of the same tonnage (Umberto d’Amato) changed hands for $14.8m in August last year, showing just how far prices have fallen in the space of a year.
The most recent sale and purchase (S&P) estimates by the Baltic Exchange show the values of five-year-old capesize and panamax bulk carriers built at a “first-class competitive yard” are respectively 27% and and 22% below assessments made a year ago.
Baltic panellists assessed the value of the 180,000-dwt capesize benchmark vessel at $23.69m on Monday, some way below the assessment of $32.52m on September 7 last year.
Similarly, the 74,000-dwt panamax benchmark was valued at $13.73m on Monday, compared to $17.53m a year ago.
NSC Schifffahrtsgesellschaft’s fleet of bulk carriers now comprises just four open-hatch supramaxes. The rest of the Hamburg-based company’s fleet is dominated by 31 containerships, plus some small tankers and a couple of car carriers.