RBD Armatori fleet back on the auction block at reduced price

RBD Armatori fleet back on the auction block at reduced price

The Court of Torre Annunziata in Naples has once again put up for sale the entire fleet of RBD Armatori, having failed to secure a buyer in an initial auction earlier this year.

The fleet of 13 ships is made up of three capesizes, four post-panamax bulkers and six aframax tankers and will be auctioned on February 22 with a starting price of $190m. Bidders have until February 15 to submit offers.

An auction in July with a starting price of $200m failed to attract any bidders, despite appearing to be a bargain compared to the $276.46m valuation of the fleet by VesselsValue.

The vessels will be sold on an as is, where is basis and include all the resources attached to them including seafarers, personnel ashore and any charter contracts.

RBD Armatori went bankrupt in January this year after numerous rescue plans were dismissed by shareholders and main creditor Pillarstone Italy.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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