Ship Sale & Purchase Market – Recent Summing-up

News Release
Wednesday, May 02, 2012

Interesting week for dry S+P market according to shipbrokers, research analysts, Clarksons

The report is as follows:

Chinese buyers (Winning Group) have acquired two Capes; the modern M/V REGENA N (180,277 dwt 2006 blt Imabari) at region US$ 33.9m and the vintage M/V CAPE AMERICA (149,515 dwt 1991 blt CSBC) at US$ 8.5m.

On another sale, undisclosed Greek buyers acquired the M/V IRON YANDI (169,963 dwt 1996 blt Daewoo) at US$ 13.5m.

The vintage / crane-fitted Panamax M/V CHIOS JOY (68,762 dwt 1989 blt Hyundai) reported sold to Chinese buyers at US$ 6.5m with drydocking due in July.

The modern Supramax M/V DALIAN STAR (56,010 dwt 2007 blt Mitsui) reported sold to Greek buyers at region of US$ 23.5m. The vessel was inspected by a number of Buyers earlier this month in China whilst she was passing her drydocking survey.

In addition, further to negotiations last week, the grab fitted M/V FURNESS AUSTRALIA (52,489 dwt 2001 blt Tsuneishi Zosen) has been sold for a price in the region of US$15.4m to Indonesian buyers.

Not much to report in the tanker S+P market; the Aframax M/T TAIYOH III (95,666 dwt 1997 blt Imabari) has been sold for US$ 9m to Nathalin with due ss/dd in June. Price reflects a small percentage over her scrap value.

On smaller sizes, the coated M/T GLOBAL THEMIS (11,394 dwt 1999 blt Higaki) reported sold to undisclosed buyers for US$ 6.75m.

Moreover, three stainless steel chemical tankers were sold last week; M/T PIONEER SPIRIT (8,735 dwt 1997 blt Usuki) at US$ 6m, M/T SPRING MISTRAL (3,818 dwt 2009 blt Onishigumi) at US$ 9.5m to Korean buyers and M/T GEMINI L. (7.506 dwt 1996 blt Shin Kurushima) at US$ 4.5m.

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