Capes changing hands for increasing sums
The S&P market is seeing strong momentum. In terms of age profile, 10–15-year-old ships are once again among the most sought-after, supported by capesize rates now closing in on the $45,000 per day mark—levels not seen in years.Tokyo-headquartered NYK Bulkship has agreed to sell the 2012-built, 107,000 dwt <em>NBA Rembrandt</em>, with multiple brokers pointing to ArcelorMittal Shipping as the buyer at $18.7m. This follows September’s disposal of the one-year-younger sistership <em>NBA Rubens</em>, which Golden Union acquired for around $15m. It’s worth noting that this ship’s special survey and dry dock were due in January.In October, another baby cape changed hands. Japanese owner Nissen Kaiun sold the slightly larger but same-aged <em>Bastions</em> (119,500 dwt, 2012), a deal reportedly concluded at $17m, also with its dry dock and special survey, due next month. The pattern follows traditional-sized capes that compare favourably with earlier deals this month. Two weeks ago, <em>Splash</em> reported that a 15-year-old cape broke the $30m barrier: the Koyo-built <em>Seaunity</em> (181,400 dwt, 2010) changed hands at $30.5m–$31m, buoyed by a freshly passed special survey. By comparison, this week a 2011-built sistership has reportedly sold for $32m despite having its special survey still due. The vessel, <em>Pacifist</em>, was reported to have been sold by NGM Shipping, a group known for opportunistic asset play. NGM added the ship five years ago for approximately $19m, underscoring the strong capital gains currently available in the segment.