Mizuho Sangyo has found a taker for one of its two newcastlemaxes it put in the shop window last week.
Splash reported last week that the 203,000 dwt Azul Challenge and a sister ship, Azul Integra, were for sale, with the Azul Challenge inviting offers while the second ship is open for inspection soon. Now sources tell Splash that the $16m winning bid for the 15-year-old Azul Challenge has been approved and the ship will move to the fast growing Sinokor fleet.
One broker described the price achieved as “underwhelming” given the current rally in large bulker fortunes.