Wilson sells another small bulker

Wilson sells another small bulker

Wilson has sold its 40-year-old singledecker bulk carrier Wilson Rough to an unnamed Marshall Islands-registered company for $518,500.

The vessel was due to undergo its special survey on November 30 but Wilson said the vessel’s age did not make it viable to take into dry dock.

The ship was sold below its book value and will give an accounting loss, Wilson said. VesselsValue.com estimates the ship’s current market value at $680,000, the same as its demolition value.

Net proceeds from the deal will go towards paying off debt on the ship, the Oslo-listed owner said.

Following the sale, Wilson will operate a fleet of 113 ships, of which 79 are owned and controlled by the company.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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