Icon Capital has sold two supramaxes with the assistance of US shipowner Ed Coll in a transaction that provides further evidence of firming asset values in the sector.
TradeWinds reported in May the 57,000-dwt Bulk Power (built 2010) and the Bulk Progress (ex-Amaxing, built 2010) were being circulated for sale.
Now shipbrokers say the vessels have been purchased by a Chinese shipowner at a price of $11.5m each.
This marks a climb from the $11.2m paid for the 56,800-dwt Ocean Skipper (built 2011) just a few days earlier.
Bulker prices have been showing strong upward momentum during the past few weeks.
Capesize deals involving JP Morgan, Zodiac Maritime and Genco have supported the trend.
Zodiac’s sale of the 60,200-dwt Highgate (built 2016) $27m as part of an en bloc deal with Genco marked a jump from the $25.5m price tag on the 61,500-dwt BW Durum (built 2016) back in February, brokers note.
As TradeWinds reported last month, Icon hired Coll's chartering operation, Americas Bulk Transport, to assist in finding a buyer for the Bulk Power and Bulk Progress. Coll declined to comment.
TradeWinds reported in 2016 on Icon's placement of the ships with Coll's Nasdaq-listed vehicle Pangaea Logistics Solutions, under an arrangement that was described as management with profit sharing.
Icon Capital is controlled by Michael Reisner and Mark Gatto.
