Tuesday, June 22, 1999
Shipsales Tanker Sentinel - (built 1986) 106,722 dwt sold for $14.4 million. Tanker Bow Explorer - (built 1975) 31,501 dwt sold to Vulcanus for $4 million. Tanker Jo Breid - (built 1981) 26,300 dwt sold to Norwegian buyers for $7.5 million. Bulker Red Rose - (built 1978) 75,720 dwt sold for $2.35 million. Bulker Lionsgate Bulker - (built 1996) sold to London based Greek buyers for $18.25 million. Bulker Litrotis - (built 1981) 64,120 dwt sold at auction in Singapore for $3.5 million. Bulker Al Esraa - (built 1996) 16,113 dwt sold to Greek buyers for $6.6 million. Containership LT Nipponica - (built 1989) 23,741 dwt sold to Greek buyers for $12.5 million. Containership LT Mediterranea - (built 1988) 23,473 dwt sold to Greek buyers for $12.5 million. Containership Tang He - (built 1983) 20,825 dwt , Qing He - (built 1982) 20,829 dwt, and Fen He - (built 1982) 20,828 dwt sold for $9 million en-bloc.

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Tanker Trends

Idling Fleet Continues to Surge

Owners are rapidly laying up containerships as the market slows. The size of the idle fleet will get bigger while rates and profits slide, says Drewry Shipping Consultants Limited.

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Concordia Maritime Charters MR Tanker

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