Greece’s Thenamaris is said to have sold 2012-built Daewoo kamsarmax bulker Seatribute for in excess of $20m to a buyer in Asia.
If broking sources are correct, Thenamaris stands to pocket over $8m from the sale having bought the vessel (ex Liberty Destiny) from US-based Liberty Maritime for a bargain $12m in March 2016.
Splash understands that China’s Mingsheng Financial Leasing is the likely buyer.
The vessel had been circulating for sale at $20.5m for some time. According to VesselsValue it has a fair market value of $20.54m, while MSI values it at $22.1m although predicts the value to drop to $20.8m by the next quarter.
The below graphic from VesselsValue shows Thenamaris timed its 2016 acquisition of the vessel to perfection, picking the very bottom of the market.