John Fredriksen’s Golden Ocean Group is reported to have sold one of its oldest bulkers at a price that appears to lock in a profit for the New York-listed shipowner.
Greek shipbrokers said the bulker owner has offloaded the 207,000-dwt Golden Gayle (built 2011), a newcastlemax built at Universal Shipbuilding in Japan.
The scrubber-free ship has changed hands for $40m, the brokers said.
That appears to be a gain for the company, which bought the Golden Gayle in 2017 as part of a 16-vessel purchase from Quintana Shipping.
VesselsValue estimates that the fleet deal valued the newcastlemax at $35m.
The valuation platform estimates the ship is worth $38.6m today, while Maritime Strategies International’s MSI Horizon puts its value at a similar $39m.
Golden Ocean has been contacted for comment.
The sale price reportedly achieved by the Golden Gayle is also somewhat higher than the last newcastlemax that changed hands.
Compagnie Maritime Belge’s slightly newer 205,200-dwt Mineral Charlie (built 2012), built at Hyundai Heavy Industries & Construction Philippines, was sold for $39m, as TradeWinds reported on 9 September.
The price tag reflects an active sale-and-purchase market that has seen dry bulk assets hold onto gains made early in the year.
But Clarksons said that S&P activity remained firm during the week, bringing the year-to-date deal volume to 604 sales totalling 45.3m dwt.
That is in line with 2021’s record pace of deals.
The Golden Gayle is one of five 2011-built ships in the fleet of Oslo-based Golden Ocean, according to data from Clarksons.
If confirmed, its reported sale would be the first since the company offloaded the 74,100-dwt Golden Ruby (built 2014) in August.
In a call with analysts, interim chief executive Peder Simonsen described that deal as part of the company’s fleet renewal strategy.
Greek shipbroker Golden Destiny said that last week ended with 18 bulker sales, a 31% decline on the prior week.
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