Subscribe to RSS feedDeals in dry bulk still collapsing
by
Michelle Wiese Bockmann, London
—
last modified
Aug 13, 2010 04:21 PM
THE DEPRESSED dry bulk market, especially for larger ships, continues to see secondhand sales fall through and ships withdrawn after failing to secure expected prices.
The sale of the 2000-built, 46,709 dwt Tamarugal, at US$25.5m, has failed due to buyers’ difficulties securing finance, HSBC Shipping Services reported.
That price was already US$3.5m lower than the US$27m paid for a similar ship earlier in June.
STX...
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