Dry CargoGreater China

Oak sells cape at second attempt

Cape sales continue to fill up broker reports. More than 10 capes had been sold in the past week.

Brokers report that the six-year-old cape Faustina fetched just below $20m. Oak Maritime is listed as beneficial owner of the Chinese-built ship.

The vessel failed to sell at this level a month ago.

The conservative Taiwanese player has kept quiet in the secondhand market for some time only shedding two older ships, one VLCC and one cape in 2014.

Oak expects to take delivery of one 250,000 dwt ore carrier in 2016 and one 300,000 dwt VLCC in 2017. Its fleet today numbers around 20 vessels.

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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