Dry CargoEurope

Offen sells another cape

Claus-Peter Offen has reduced its exposure to the capesize segment with its latest sale.

The Hamburg-based shipowner has reportedly let go of the 179,000 dwt CPO Oceania (built 2010) in a bank driven sale with Navios tipped as the buyer. A US broker says the ship fetched $27.15 m, a bargain if one compares it with MSI’s fair market value of $30.6m.

Last year the German owner sold two other capes in bank driven sales.

Earlier this year Offen offloaded three product tankers to fast growing Indonesian owner Waruna while in June it sold the 4,250 teu CPO Jacksonville containership.

In total online pricing portal VesselsValue lists Offen selling 11 ships in the last 12 months, raking in more than $150m to keep creditors at bay.

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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