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Oldendorff prunes bulk carrier fleet 

Henning Oldendorff and his Oldendorff Carriers are nailing one sale after another, with Splash tracking five done deals in the space of a month. 

From right to left on the deadweight ruler, the latest sale reported by brokers is a five-year-old newcastlemax, named Hans Oldendorff. This 209,200 dwt, Taizhou Catic-built bulker is reported sold for around $53m. This ship was ordered for about $6m less in 2017. JP Morgan has been tied to this deal.

On the opposite side of the ruler is the sale of the three-year older, 37,900 dwt handy, Dorthe Oldendorff. Brokers report that this ship was sold for around $25m. This ship was bought for just under $7m in 2016 as an incomplete project.

In between the newcastlemax and the handy, Oldendorff Carriers is also reported selling two post-panamaxes, Clemens Oldendorff and Constantin Oldendorff, both built in 2012, as well as one traditional-sized panamax named Theodor Oldendorff, built in 2008. These three ships are reported sold for around $63m to undisclosed takers. 

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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