Brokers report that Sea Pioneer Shipping is paying Japan's Yamamaru Kisen just over US$5m for the 12-year-old Mulberry Paris panamax bulker. The ship was built at Tsuneishi's Japanese yard.
Shipping database Equasis shows that Hiroshima-based Yamamaru Kisen has 27 bulkers in its fleet.
Multiple broking outlets link fast expanding BW Dry Cargo as the buyer of the 81,344dwt United Legacy, the latest ship sale forced through by creditors of bust Japanese tonnage provider United Ocean Group. BW Dry Cargo, founded three months ago, is paying US$17.5m for the Oshima-built kamsarmax.
The sale is the third kamsarmax offloaded by United Ocean in the past two months. United Ocean founded in 1995 by Indian national Vipan Sharma, filed on Dec. 31 last year for court protection in Tokyo, saddled by debts of more than US$1bn.
"We can't comment on single deals, only on strategies," said the head of BW Dry Cargo Christian Bonfils.
In a rare example of a Vietnamese owner performing an asset play, Haiphong-based Viet Long JSC has pocketed a tidy US$1m profit from a quick bulker turnaround.
The Southeast Asian owner bought the Bianco Venture handy bulker at the start of the year for US$5.2m. The Oshima-built ship, rechristened Great Pride, has now been bought by Hong Kong's Taylor Maritime for US$6.2m, according to brokers.
Founded by Edward Buttery two and a half years ago, Taylor Maritime has quickly built up a fleet of Japanese handies.
Japan-based Shoei Kisen Kaisha has sold a 10-year-old Imabari-built supramax to Bangladeshi interests for US$7.7m.
Meghna Group, a diverse conglomerate with interests in commodities, food, aviation and real estate, has taken the Maple Grove. The ship has a special survey due this year, Clarksons Research noted. Meghna's shipowning arm is called United Shipping Lines.
Shoei Kisen is the shipowning arm of Imabari Shipbuilding.
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.
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.