Precious Shipping has sold another bulk carrier to an unnamed buyer at a price of US$2.35m as part of its fleet renewal programme.
The sale of the handysize Urawee Naree (28,415 dwt, built 1997) was agreed with the Seychelles-incorporated buyer on Aug. 2, Precious said in an exchange filing. The vessel was delivered on Friday.
It is not clear if the Japan-built vessel has been sold for demolition, but the option seems likely. So far this year, the Thai owner has sold 11 bulk carriers for demolition, all of which have been handysize bulk carriers built in 1997 or earlier.
Precious said that its strategy is "to rejuvenate its fleet by selling its older vessels and acquiring younger and bigger vessels".
The Bangkok-listed company has just two 1997-built handys remaining in its fleet.
Hamburg-based ship management company E.R. Schiffahrt has initiated talks to sell three Capesize bulk carriers to Greek shipping company Seanergy Maritime Corp, showed data provided by VesselsValue.
The company is reportedly looking to dispose of three 179,400dwt bulkers, namely, ER Bayern, ER Bavaria and ER Boston.
All three ships were constructed in 2010 at South Korea's Hyundai Heavy Industries and Hyundai Samho Heavy, respectively.
VesselsValue added that the parties are discussing a price of US$20.7m per bulker.
Valued at US$20.8m, the ships, which feature a length of 292 meters and a width of 45 meters, are a part of E.R. Schiffahrt's fleet of 20 bulk carriers which have a total carrying capacity of 2.2 million dwt.
The company has more than 70 containerships in service, with a total capacity of around 450,000 TEU.
Salam Pacific Lines from Indonesia is snapping up its first supramax.
The purchase marks a new era for the owner, which has previously focused on smaller containerships and multipurpose vessels acting for its inter-island trade.
Snapping up the Nisshin owned, Western Singapore for a price of US$4.7m, is a significant move outside its niche trading area.
Shipping power house Oldendorff, one of few German owners active in the secondhand market this year, is said to be helping compatriot owner NSC Schiffahrt to offload four bulkers. Sources said that Oldendorff is transferring US$38m en block for four bulkers built at two different Chinese yards, Yangfan and Taizhou Catic.
The sale marks a change in focus for the diversified German owner NSC Schiffahrt which is nearing a dry bulk market exit if the sales of the 93,000dwt Tana Sea and Tonda Sea both built five years and, and the one year younger Tonic Sea, and her sister Tango Sea are finalised.
Tufton Oceanic has reportedly bought two handysize bulk carriers, which are the fifth and sixth vessels to be acquired by the London-based fund in the past two weeks.
Brokers report that Tufton has bought Steven C (35,000 dwt, built 2009) and Lisa J (34,400 dwt, built 2010) from Apex Bulk Carriers for US$9.4m and US$10.1m respectively.
Earlier this week, Tufton reportedly bought two ultramaxes from Jinhui Shipping for US$28.5m en bloc.
The fund has also this week purchased a small chemical parcel tanker, Diamond Orchid (19,700 dwt, built 2008), for US$20.5m from NS United Kaiun Kaisha, according to brokers.
This follows another small chemical tanker that was reported bought by Tufton on Aug. 31. Princimar Americas (19,700 dwt, built 2004) was acquired for US$18.5m from Principal Maritime of the US.
All the vessels acquired were built in Japan apart from the handys, which were built at SPP in South Korea.
German shipping company NSC Schifffahrtsgesellschaft has sold four of its Post Panamax dry bulk carriers to an undisclosed European buyer, showed data provided by VesselsValue.
The vessels in question are the 92,500dwt Tana Sea and Tonda Sea, and the 93,000dwt Tango Sea and Tonic Sea.
The bulkers were sold for a price of US$9.5m each on Sept. 9.
Built in 2011 and 2012 at various Chinese shipyards, the ships feature a length of around 230 meters and a width of 38 meters.
Italian shipping company Globeco is in the process of selling a handysize bulk carrier currently under construction at Avic Weihai, currently set for delivery before the end of 2016 after the original delivery had been postponed from July 2015.
Brokers report that the newbuilding has already been renamed Don Mariano, and sold to undisclosed buyers for US$14.5m. However, Globeco chairman Mariano Pane confirmed that "negotiations with a third party are currently underway" but also emphasized the fact that "no deals have been closed yet".
The Rome-based shipping company ordered the ship in 2013 for US$19-20m, while today the vessel is valued at approximately US$15m. This investment in the dry bulk business was a diversification from Globeco’s core business operating ecological and offshore vessels.
The taker of Yamamoto Kisen's oldest ship that fetched US$4.2m at the end of last week has been revealed in broker notes who claim that the 2002-built Marguerite was bought by Greek outfit, Hind Maritime.
At present, Hind has two handysize bulkers each over ten years of age, named Lady Hind and Mind Island. The price that Hind Maritime has paid for its biggest ship to date is in line with market prices online portal VesselsValue.com values the ship at.
Oslo-listed Jinhui Shipping has entered into an agreement with Greek company Gelico Shipping to sell handymax bulker Jin Bi for US$3.5m.
The Hong Kong-registered vessel will be delivered between Sept. 20 and Oct. 26.
Jinhui Shipping said that the directors continuously review market conditions and adjust the group's fleet profile, and believe that the disposal will enable the group to enhance it working capital position and strengthen its liquidity.
Jinhui Shipping reported a net loss of US$39.14m for the first half of 2016.
Denmark-based shipowner Celsius Shipping has purchased two 57,000dwt Supramax bulk carriers from German shipping company Conti Group KG for US$8m each, showed data provided by VesselsValue.
The vessels are the Conti Flint and the Conti Fuchsit, both built in 2012 at Chinese shipyard COSCO Guangdong.
According to VesselsValue data, the market value of each ship stands at US$11.5m.