Canadian owner Fednav has reportedly sold a Japanese-built ultramax bulker for a firm price as buyers continue to opt for quality tonnage.
Brokers reported the 63,452-dwt Federal Island (built 2017) was sold last week to unnamed buyers for $32m, which Clarksons described in a report as “mid-high”.
TradeWinds has contacted Fednav for comment.
The geared vessel was built at Tadotsu Shipyard to Imabari’s New I-Star design.
