Two major Greek shipowners have continued fleet renewal efforts by offloading supramax bulkers as the sale-and-purchase market shows no signs of a summer slowdown.
Both Angeliki Frangou’s Navios Maritime Holdings and Petros Pappas-led Star Bulk Carriers are believed to have offloaded older vessels from their respective fleets this week.
New York-listed Navios Holdings has parted with the 53,500-dwt Navios Primavera (built 2007), brokers reported on Friday.
Some placed the price of the transaction at $10.4m, while others suggested the ship changed hands for less than $10m.
The deal comes just days after Navios Holdings was reported to have sold another vessel, the 53,500-dwt Navios Arc (built 2003), to an Asian buyer for $7.2m.
Data from VesselsValue shows the shipowner to have now sold five older bulk carriers this year, a period that has seen the purchase of a single modern panamax.
New York-listed Star Bulk, a major dry market consolidator, is understood to have sold the 53,100-dwt Star Gamma (built 2002).
Brokers place a price of $7m on the Japanese-built vessel, which is believed to have gone to a Russian buyer.
Star Bulk swept up the fleet of Delphin Shipping this spring, providing the latest in a line of fleet transactions.
It has not only been a buyer of tonnage, however, and has also divested of a second supramax this year.
As TradeWinds has reported this week, brokers have seen unusually long sales lists for the typically slow summer season, aided by a revival in spot rates that has seen some liquidity return to the S&P space.
Brokers noted that with such good connectivity today the typical summer slowdown is not as much of a feature in shipping as it was historically.
