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.