AmericasDry CargoEurope

Oldendorff sells capesize bulker to JP Morgan

German dry bulk giant Oldendorff Carriers has sold its 2016-built capesize bulk carrier Hark Oldendorff to US investment firm JP Morgan.

Multiple brokers reported the 209,325 dwt vessel went for a price tag of $45m, lower than the VesselsValue estimate of $49.74m. Delivery is scheduled for January next year.

Oldendorff acquired the vessel, formerly Trust Amity, from Singapore-based Trust Energy Resources, a subsidiary of Tata Power Company, in June last year. Prior to the acquisition, the ship spent four years on a charter with Oldendorff, following its delivery from Yangzijiang Shipyard.

The company recently ordered a capesize bulker at Namura Shipbuilding, with delivery scheduled for the fourth quarter of 2022.

Adis Ajdin

Adis is an experienced news reporter with a backgroud in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
Back to top button