Dry Cargo

Supramax sales show no sign of easing

The appetite for supramaxes shows no sign of abating in the final few weeks of 2017.

Clarksons Research has details of four recent supramax sales in its latest weekly report.

Osaka-based Santoku Senpaku has sold the 2012-built Canary K for $16.7m to Neptune Lines. Clarksons notes the vessel does not have M0 class notation, meaning that the engine room cannot be unattended, which would have had a negative effect on the price achieved considering that the two year older Spring Eagle, which was sold recently for a price in the low $15m.

Meanwhile, the Japanese controlled Tess 58 design King Freight has been sold for what Clarksons described as a “steady” $14.5m to Empros Lines while another Japanese owner, Onward Marine Service, has sold the 11-year old Mitsui 56 design Santa Anna for a price of $11.7m to an undisclosed party. Japanese owners have been the largest sellers of bulk carriers so far this year.

Supramax average earnings this year have hit $10,506 a day, a significant improvement over 2016’s $6,264 average.

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.
Back to top button