Greek supramax and ultramax specialist Almi Marine Management is making room for new tonnage after taking delivery of three newbuildings in the past five months.
Managers at the Athens-based firm confirmed they have agreed to sell the 57,300-dwt Kibali (built 2011).
Almi Marine declined to reveal the buyers or the precise price secured for the ship.
Brokers have previously reported that the South Korean-built ship is going to Vietnamese interests for about $16.8m.
That information puts Phuong Dong Viet Shipping & Logistics Corp (PVT Logistics) in the spotlight.
The Hanoi-based subsidiary of state-owned oil company Petrovietnam has a small bulker fleet, which has been growing with vessels of the same type as the Kibali.
Over the past 12 months, PVT Logistics has bought two supramax sister ships of the Kibali built at STX Shipbuilding in Jinhae.
The first was the 57,300-dwt Honwin (renamed PVT Pearl, built 2009), which joined the Petrovietnam fleet in September 2023 after a $15m purchase from Chinese interests.
Petrovietnam’s second acquisition of an STX-built supramax followed in July 2024, when it spent about $15.3m on the 57,300-dwt Cebihan (renamed PVT Topaz, built 2009), a few months after it passed a special survey.
The $16.8m fetched by the Kibali — a ship two years younger than the Cebihan — suggests that secondhand values have softened somewhat in the segment.
Brokers, however, are still describing current price levels as “lofty” enough to encourage determined sellers to part with ships made redundant by younger arrivals.
Almi Marine seems to be falling squarely into that category.
The company, which until April had five mid-aged supramaxes in its fleet, expanded by two-thirds with the delivery of three 64,000-dwt ultramaxes from Dalian Cosco KHI Ship Engineering.
It ordered the ships in the spring of 2022, when prices were lower than today.
The three ultramaxes are trading in the Almi Marine fleet as Subra, Spike and Mea Mare (all built 2024).
