Norway’s Wilson Ship Management has sold its 36-year-old bulker Wilson Bar to Greek interests for $745,000.
The vessel is due to be drydocked in November, but Wilson said it did not make sense financially to dock the ship due to its age, so it was sold instead.
The Norwegian company expects the sale to generate a financial gain of up to €150,000 compared to the vessel’s book value, based on current exchange rates. The net proceeds will be used to pay off the existing debt on the ship.
Once the sale is concluded, Wilson will operate a fleet of 110 ships, of which 82 are owned by the company.