Oldendorff clinches sought after post-panamax

Oldendorff clinches sought after post-panamax

One of Europe’s most active bulker buyers has clinched a ship it has eyed for many months. German administrators acting for the creditors of Thomas Schulte Reederei invited offers at the beginning of the month on the seven-year-old Boavista post-panamax.

The ship is understood to have now been sold to Oldendorff Carriers with Clarkson Research suggesting a price of $14.3m. Oldendorff had come close to buying this 93,062 dwt ship in April, but the deal failed to materialise at the time.

Whether in resales, newbuild orders or general S&P, Oldendorff has proved to be very aggressive throughout 2017, making the most of bargain bulkers on offer around the world.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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