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Eagle Bulk Shipping Inc. Message Board

  • tencjedd tencjedd May 30, 2012 10:09 AM Flag

    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.

7.62+0.24(+3.25%)4:00 PMEDT