Primebulk pays $3.8m for panamax

Primebulk pays $3.8m for panamax

Nord Reederei has sold the 15-year-old  Nordrhine panamax bulker to Greece’s Primebulk for $3.8m, according to Clarkson Platou. The South Korean-built ship has a special survey due in September this year.

“The price achieved represents an appreciation in value on the back of the firmer scrap market and general improvement in S&P sentiment,” the broker noted.

Primebulk has been busy of late. It has just sold the 21-year old Japanese handysize New Mistral for $1.8m to Middle Eastern interests.

 

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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