Turkey’s Densay makes swift $3.9m profit from handy sale

Turkey’s Densay makes swift $3.9m profit from handy sale

Densay of Turkey is behind what was described as the most interesting deal of the week in the latest report from Clarkson Research.

The Istanbul-based owner has sold the 33,000 dwt SSI Spring for $10.5m, according to numerous sources. The ship was bought by the Tayfun Gunerhan-led Turkish shipowner in March last year for only $6.6m.

The vessel was the Turkish line’s first move into the handysize segment, and is one many asset plays expected from the owner as more of its fleet is circulated for sale.

In addition to the sale, brokers tell Splash Densay has recently bought two supramaxes.

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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