Great Eastern buys cape

Brokers report that Japan’s Libera Corp has sold its capesize Cape Althea (179,300 dwt, built 2011) to Great Eastern Shipping of India.

The Korean-build cape was sold for $24m and is on long-term charter to K Line, brokers say.

Earlier this week, a report from shipbroker Galbraith’s said five parties inspected the five-year-old vessel in Singapore recently.

The unit was originally contracted by K Line but resold to clients of Libera and combined with a long-term charter to K Line, Galbraith’s said.

The vessel’s owners and charterers have mutually agreed to the sale, the report added.

The reported price is a slight advance on the price of three five-year-old, Korean-built capes sold in late May.

Turkey’s Besiktas Likid Tasimacilik sold sisterships Besiktas and Besiktas Turkmenistan (both 179,800 dwt) to Winning Alliance for $23.75m each.

HMM received $22.2m for Hyundai Trust (179,000 dwt, built 2011), which was sold to Greece’s Marmaras Navigation.
Source: Splash247.com

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