Dry CargoEurope

Wilson sells old bulker

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.

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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