The scrap market
for bulkers remains active both for capesize and panamax tonnage, with the
scene dominated by 1990s-built units.
Greek owner
Dianik Bross has sold the 65,000-dwt panamax bulker Steel Titan (built 1991)
with options to the Indian subcontinent for $422 per ldt, or $5m — slightly
more than the $4.9m the company paid for the ship as Hellenic Sea in July 2012.
It is the
oldest vessel in the company’s five-strong fleet, which consists of bulkers
built between 1991 and 2002.
The low-key
outfit aims to grow its fleet with more modern ships and it now appears it was
the buyer of the 51,000-dwt Evian (renamed Steel Courage, built 2002), which
was sold to a Greek buyer for $12.5m in March last year.
In the
panamax segment, Royal Marine Shipmanagement of Singapore has sold the
75,000-dwt Dal Va (built 1994) to Pakistan, where it is likely to have fetched
$4.7m.
The owner
bought the ship as Jindal Varad as late as September last year for $5.8m.
US-listed
Star Bulk Carriers has sold the 69,000-dwt Star Tatianna (built 1993) for
demolition, probably for around $4m. Last month, it sold the 70,000-dwt bulker
Star Julia (built 1994) for scrap.
These sales
mean at least nine panamax bulkers have been sold for demolition so far this
year.
Meanwhile,
India’s Salgaocar has sold the last ship in its fleet, the 90,800-dwt
mini-capesize India Coal Maru (built 1995), for recycling in Bangladesh for
$396 per ldt, or $5.8m.
This
disposal means at least nine capesizes have been sold for scrap so far this
year.
In the
tanker sector, the over-aged, 74,000-dwt floating, production, storage and
offloading (FPSO) unit Banio (built 1961) has been sold. It had been in the
fleet of Shell and was expected to arrive at Alang, India, this week.
Source: trade winds.
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