Dry CargoEurope

Oldendorff seals fine asset play

Post-panamax and mini-cape expert Oldendorff Carriers has sealed one of this summer’s finest asset plays, selling a 12-year-old bulker for $18m to Indian buyers.

Multiple broking sources report the sale of the 93,000 dwt Cosco Dalian-built, Celine Oldendorff, a ship the Lübeck-based mammoth tabled just $11m for 18 months ago.

So far this summer, the company, which is the market leader for ships in the range size from roughly 84,000 dwt to 123,000 dwt, has managed six sales in total.

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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