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Sale and Purchase

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Latest From Sale and Purchase

Tanker scrapping to rebound from 23-year low

More than 90 vessels in excess of 34,000 dwt are forecast for scrapping in 2021, compared with only 25 last year, shipbroker says

International Tankers and Gas

DHT to buy VLCC pair for $136m

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

International DHT

Castor acquires first capesize bulker

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

Dry Bulk Capes

Scorpio sells another two ultramaxes for $35m

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

International Scorpio Bulkers

Greeks spent $3.6bn on secondhand acquisitions last year

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

Greece Sale and Purchase

Union Maritime acquires two capesizes

Move is eye-catching as the company’s existing presence in dry bulk comprises three ultramaxes

International United Kingdom

Scorpio declares option to sell Ocean Yield ultramax

Ocean Yield said it would receive proceeds of about $20m and record a small book profit from the sale

Dry Bulk Sale and Purchase

Eagle Bulk picks up third ultramax from Scorpio

The price tag for the latest purchase was slightly higher than previous deals

Dry Bulk Sale and Purchase

Eagle Bulk raises $25m for vessel acquisitions

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

Dry Bulk Sale and Purchase
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