{"id":96014,"date":"2018-10-22T14:52:37","date_gmt":"2018-10-22T06:52:37","guid":{"rendered":"https:\/\/splash247.com\/?p=96014"},"modified":"2018-10-22T16:19:53","modified_gmt":"2018-10-22T08:19:53","slug":"eastern-pacific-exiting-handysize-and-ultramax-segments","status":"publish","type":"post","link":"https:\/\/splash247.com\/eastern-pacific-exiting-handysize-and-ultramax-segments\/","title":{"rendered":"Eastern Pacific exiting handysize and ultramax segments"},"content":{"rendered":"<p>Idan Ofer\u2019s Eastern Pacific Shipping is having a notable dry bulk clear-out of its fleet.<\/p>\n<p>Seven smaller bulkers have been put on the on the sales block, trimming its bulker fleet fleet from 18 to 11 ships, if all the sales materialise.<\/p>\n<p>Sources report that they expect a firm price for four popular 28,000 dwt Japanese-built handysize bulkers, the <em>Irongate<\/em>, <em>Westgate<\/em>, <em>Stargate<\/em> and <em>Crystalgate<\/em>. The four ships have an average age of six years and VesselsValue estimates that the ships can bring in close to $50 m if sold en bloc.<\/p>\n<p>In addition to the expected exit from the handysize segment, an ultramax, <em>Devongate<\/em>, built in China in 2014 is up for grabs while on Friday <a href=\"https:\/\/splash247.com\/eastern-pacific-bags-punchy-26-75m-for-2016-built-ultra\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\"><span style=\"color: #000080; text-decoration: underline;\"><em>Splash<\/em> reported<\/span><\/span><\/a> that Eastern Pacific sold an Imabari-built, two-year-old ultramax named <em>Dragongate<\/em>.<\/p>\n<p>In addition to two ships in the water, the outfit is selling its last two ultramaxes with delivery next year at Dalian Cosco KHI Ship Engineering. The sale of the ultamaxes marks an exit from this segment leaving the outfit with one supramax among 10 capes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Idan Ofer\u2019s Eastern Pacific Shipping is having a notable dry bulk clear-out of its fleet. Seven smaller bulkers have been put on the on the sales block, trimming its bulker fleet fleet from 18 to 11 ships, if all the sales materialise. Sources report that they expect a firm price for four popular 28,000 dwt &hellip;<\/p>\n","protected":false},"author":8,"featured_media":61382,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[80,57],"tags":[103,149],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Eastern Pacific exiting handysize and ultramax segments - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/eastern-pacific-exiting-handysize-and-ultramax-segments\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eastern Pacific exiting handysize and ultramax segments - Splash247\" \/>\n<meta property=\"og:description\" content=\"Idan Ofer\u2019s Eastern Pacific Shipping is having a notable dry bulk clear-out of its fleet. Seven smaller bulkers have been put on the on the sales block, trimming its bulker fleet fleet from 18 to 11 ships, if all the sales materialise. 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