Dry CargoEurope

Solid prices for Oldendorff’s latest sales

Buyers keen on bulkers from dry bulk powerhouse Oldendorff’s fleet have to surrender to high prices, as the German mammoth tests the market, selling one ship after another. 

Over the weekend, a third modern Japanese-built ultramax and two one-year-old Chinese-built kamsarmaxes were reported sold by brokers, all at prices significantly higher than last done.  

Last week, Splash reported that two Japanese-built, 60,900 dwt scrubber-fitted ultramaxes, Alwine Oldendorff and August Oldendorff (built 2014, 2015), had been sold to undisclosed Asian buyers for $61m. Now, a another Japanese-built ship, the 10-year-old, 63,000 dwt Beate Oldendorff, was sold for just over $38m. 

Sales talk also surrounds two one-year-old kamsarmaxes, the 82,000 dwt Klarissa Oldendorff and Kamilla Oldendorff with brokers suggesting they have been sold for $40m each.  

In the last few weeks, the German giant has reportedly sold one newcastlemax, three ultramaxes and two kamsarmaxes to undisclosed cash-rich accounts. 

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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