Three supramaxes sold out of the yard for $24m apiece
SEVERAL reported dry bulk resales at low prices dashed hopes of an asset-value recovery in the sector last week.
A week earlier, the sale of the 2005-built, 52,489 dwt Treasure Island for a price then reported to have been between $20m-$20.5m sparked hopes that the asset-value decline had come to an end.
This week, however, three 57,300 dwt supramaxes under construction at Jinhae shipyard in South Korea were reported sold for $24.3m each in an en bloc deal to unknown European buyers. This is $3.2m below the ships’ valuation by online appraiser VesselsValue.