Alassia NewShips Management has taken advantage of firming bulker prices amid climbing freight rates to push ahead with its fleet renewal plan by selling its only capesize.
The 176,500-dwt Cymona Iron (built 2011) was one of the oldest ships in the Athens-based company’s fleet of about 10 vessels.
Market sources say the Nicolas Hajioannou-led company is getting close to $27m from unidentified, Middle Eastern buyers.
