The secondhand market for bulk carriers shows little sign of slackening, creating a sweet spot for owners wishing to dispose of their ageing vessels.
In a characteristic example, Greece’s Chios Navigation (Hellas) has managed to recoup close to its entire investment in two ships it has been trading for at least 10 years.
Company manager Menelaos Pangalos confirmed obtaining about $13m for the 75,100-dwt Doric Arrow (built 2001).
