Jiangsu Steamship has for the second time in two years laid down the profitable bid within the cape sector, this time including its first newcastlemax, a fourteen-year-old known as Baosteel Evolution.
Sources inform Splash that the Chinese language participant is behind the acquisition of the Japanese-controlled, 206,000 dwt Imabari-built vessel, paying just below $22m.
The ship was beforehand dedicated to Greek pursuits and was reported offered in February for round $19.5m in a deal that in the end failed. The identical month, a one 12 months older sister ship was offered for $19m to George Economou’s Dryships and has now been renamed Netadola.
12-ship robust bulker participant Jiangsu Steamship made its entry into the cape sector in 2020, including the 2003-built 171,015 dwt Aquaglory for round $9m, a ship that has elevated in worth by $7m, in keeping with on-line pricing portal VesselsValue.
That is the third reported newcastlemax reported offered this 12 months, whereas lower than 15 capes have modified palms this 12 months.