For the third week running, capesize and newcastlemax sales are dominating broking reports, though the seller profile is beginning to shift.
Earlier activity was primarily driven by Greek owners offloading vintage tonnage to Chinese buyers, but this week has been marked by a rare modern sale.
Korean owner Sinokor is reported to have sold the 2020-built, 209,205 dwt Atlantic Lion, constructed at Shanghai Waigaoqiao, for around $73.5m, with some reports pointing at compatriot HMM as the buyer. The price is understood to be in line with what US-listed Genco Shipping & Trading paid for same-aged New Times-built newcastlemaxes around a month ago.
Elsewhere, market talk also points to the sale of the 2012-built Hyundai Heavy Industries-built capesize, Densa Shark, sold by Turkish interests.
Last week, Greek owners continued to place ageing capesize tonnage with Chinese buyers, underlining firm demand but a clear divide based on age and yard. Ships reported sold by Greek owners include Montecristo (TMS Dry), Antonis Angelicoussis (Alpha Bulkers), Pompano (Cardiff Marine), Cape Providence (Golden Union), Pacifist (Nicholas G Moundrea).
