Ship Sale & Purchase Market – Weekly Summing Up

According to the latest Clarkson Hellas Weekly Bulletin the past week has seen a generally quiet ship sale & purchase market

Clarkson Hellas report sales as follows:

A vessel reported to have been committed from the Japanese market is the handymax M/V SOLAR ASIA (46,658 dwt 1998 blt Mitsui) sold for US$ 12.5m to Chinese interest.

Following the reported sale of the sister M/V NENA A clients of Fairsky Shipping have also committed of another handymax of the vessel series M/V NENA C (43,188 dwt 1994 blt Hyundai) for US$ 9.8m to Italian buyers.

There are several rumours that M/V APEX BULKERS is also committed to undisclosed buyers for a price in the region of US$ 14m.

The M/V EASTGATE (27,877 dwt 1990 blt Kanasashi) reported sold for a firm price in the region of US$ 5.75m to Ukrainian buyers while the 8 years younger M/V ATLANTIC KING (27,797 dwt 1998 blt Naikai) reported sold for a price slightly in excess of US$ 8.5m to Chinese buyers.

This week has seen the conclusion to the sale of the 2007 built Shin Kurushima MR tanker FREJA FIONIA which has been sold to clients of the Thenamaris group for US$ 21.5m; this sale indicates a further softening on the values of non IMO notation MRs.