Bulk and container player Osaka Asahi has sold its first ship so for this year, saying goodbye to its only pure breed panmax vessel, the nine-year-old 74,000-dwt, Nord Pegasus.
The ship fetched US$8.5m, half a million less than VesselsValue.com values the ship at. The sale leaves the low key company with around 12 ships of which about half are in the bulk segment and the rest are containers vessels.
Sources say Greek outfit, Spring Marine Bulk, is the taker of the Nord Pegasus. Spring Marine is listed in shiping database Equasis with three ships under its management, and as the owner of only one other ship that it snapped up in March, another Japanese controlled panamax, the one year older vessel, Nenita, formerly called Lowlands Camellia.
BW Dry Cargo has snapped up its second vessel in a week, pouncing on Japanese-built kamsarmax Key Boundary from Shunzan Kaiun.
The 2010-built vessel has been acquired for US$13.7m according to sources, slightly more than the US$12m BW paid last week for the 2010-built kamsarmax Meteor which was subsequently renamed to BW Acorn and chartered out to Glencore.
Last week's bit of business was the first for BW Dry Cargo, a new affiliate of the BW Group, bringing the Andreas Sohmen-Pao led company back into dry bulk for the first time in a decade.
China's shipping giant Cosco has sent two of its bulk carriers into the Baumarine pool, run by Norwegian shipping company Klaveness.
Although the shipping firm did not disclose the names of the two ships, it did say that the vessels in question are Post Panamaxes.
Klaveness said that it looks forward "to working with one of the major players in the international shipping market."
Torvald Klaveness, which has been running pools for more than 50 years, operates two streamlined spot market pools, Baumarine and Bulkhandling.
The company's Bulkhandling Pool is for Handymax, Supramax and Ultramax vessels, while its Baumarine Pool features Panamax, Kamsarmax and Post Panamax vessels.
According to Klaveness, the pools operate within a three-month mandate, and are therefore well aligned with the spot market.
Brokers report that Japan's Libera Corp has sold its capesize Cape Althea (179,300 dwt, built 2011) to Great Eastern Shipping of India.
The Korean-build cape was sold for US$24m and is on long-term charter to K Line, according to brokers.
Earlier this week, a report from shipbroker Galbraith's said five parties inspected the five-year-old vessel in Singapore recently.
The unit was originally contracted by K Line but resold to clients of Libera and combined with a long-term charter to K Line, according to Galbraith's.
The vessel's owners and charterers have mutually agreed to the sale, the report added.
The reported price is a slight advance on the price of three five-year-old, Korean-built capes sold in late May.
Turkey's Besiktas Likid Tasimacilik sold sisterships Besiktas and Besiktas Turkmenistan (both 179,800 dwt) to Winning Alliance for US$23.75m each.
HMM received US$22.2m for Hyundai Trust (179,000 dwt, built 2011), which was sold to Greece's Marmaras Navigation.
Robert Kuok-controlled Pacific Carriers sold an eight-year-old handymax for US$8.7m. The Japanese built Ikan Sudip has been snapped up by one of Bangladesh's largest industrial conglomerates, Akij Group.
Akij was established in the 1940s initially as a jute trader. It has since diversified into more than 20 other verticals including tobacco, real estate and cement.
Chinese shipowner Jinhui Shipping has recently sold a 16-year-old 50,786dwt bulk carrier Jin An to Al Khalejia Aggregates FZE based in the UAE for a price of US$3.4m, according to a domestic shipping news report.
According to Jinhui Shipping, the transaction caused a book loss of US$4.25m.
Thai shipowner Thoresen Shipping has announced it has sold 1998-built dry bulk vessel Thor Wind to Murali Maritime for scrap for US$2.85m.
After the sale, the Thoresen fleet will consist of 21 vessels with an average age of 11.6 years.
The company said that the sale is in line with its strategy to improve the efficiency of its fleet.
Denmark's Clipper Group has emerged as the buyer of the four 32,000dwt Handysize bulk carriers sold last week by its compatriot D/S Norden.
The vessels include Nord Hong Kong, Nord Houston, Nord London and Nord Vancouver and they will join the company's fleet during the next four months.
The four bulkers were built in 2011 at Chinese shipbuilder Jiangmen Nanyang Shipyard (JNS).
The Handysize bulk carriers feature logs and grabs fitted and will enter the Clipper Logger Pool, according to the company.
"We are extremely pleased to have had the opportunity to add four modern handysize vessels to our fleet and into our Logger Pool," said Clipper's Group CEO Peter Norborg.
Clipper said it will commercially as well as technically manage the vessels.
The bulk carriers have been added to Clipper's internal technical management division, Clipper Fleet Management.
The company's Logger Pool presently consists of 31 vessels, whereof eight are controlled by Clipper and 23 are third party's vessels.
Jinhui Shipping and Transportation Limited has confirmed the sale of 2000-built supramax Jin An to UAE-based Al Khalejia Aggregates for US$3.4m.
Delivery of the 50,786dwt vessel is scheduled for between July 15 and and August 31, with Jinhui expecting to book in a loss of approximately US$4m on the sale.
Jinhui cited the prevailing market conditions as the reason for the sale, which will help enhance its working capital position and strengthen liquidity. Last month, the company revealed it had initiated restructuring arrangement discussions with lenders, with an update due this month.
German shipowner and operator Oldendorff Carriers has expanded its fleet with four second-hand vessels bought from Italy-based shipowner Societa Navali Unite Genova Srl (SNUG), show data provided by VesselsValue.
The four bulk carriers in question, which were sold en bloc, are the two Post Panamax bulkers Asti Snug and Roma Snug, and the two Handysize bulkers Karoline Snug and Lucy Snug.
The 118,000dwt Post Panamaxes, which were built in 2011 by China's Zhejiang Shipbuilding Co, were sold for US$11.9m each.
Featuring 33,300 dwt, the 2010-built Handysizes were acquired for a price of US$5.1m each. The two vessels were constructed by the Chinese shipbuilder Yangzhou Ryuwa Shipbuilding Co.
Oldendorff Carriers currently operates a fleet of some 500 vessels with a total of 45 million dwt.
The company's operated fleet includes Capesizes, Panamaxes, Ultramaxes, Handysizes and other vessels.