The Nicholas George Moundreas group (NGM) has sold a mid-aged capesize at a huge markup to the price the Greek owner paid to buy the vessel nearly four years ago.
The deal provides further evidence of the heady state of the current secondhand bulker scene — to the point that some market players are expressing concerns it is overheating.
Several market sources are saying that NGM’s 180,100-dwt Epic (built 2010) is changing hands for more than $32m.
