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Latest From Sale and Purchase
More than 90 vessels in excess of 34,000 dwt are forecast for scrapping in 2021, compared with only 25 last year, shipbroker says
The company will receive the two DSME 2016-built very large crude carriers during the first half of this year from an an undisclosed seller
The Petros Panagiotidis-led owner said it had agreed a purchase price of $17.5m for the vessel, but only identified it as a capesize built in 2006 in Japan. However, the description matches the 15-year-old, 180,200 dwt Ocean Compass built by the Imabari Shipbuilding Saijo shipyard
The sale leaves the US-listed company with more than a dozen owned or finance-leased vessels to dispose of by the end of the first quarter
Total secondhand and resale acquisitions by Greek buyers last year numbered 233 vessels for an aggregate amount of $3.6bn, ahead of Chinese owners who acquired 179 vessels for an aggregate of $2.7bn
Move is eye-catching as the company’s existing presence in dry bulk comprises three ultramaxes
Ocean Yield said it would receive proceeds of about $20m and record a small book profit from the sale
The price tag for the latest purchase was slightly higher than previous deals
Recent vessel purchases have helped lower the average age of Eagle Bulk’s fleet and improved its emissions profile, while the company continues to eye attractively-priced secondhand tonnage
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