The sale-and-purchase market has been busy with numerous bulker deals being concluded, particularly for older panamax bulkers.
Brokers have reported a number of sales by shipowners including Bjorn Tore Larsen’s Arendals Dampskibsselskap (ADS), John Fredriksen’s Golden Ocean Group and Goulandris Bros.
For these three owners, the transactions involve selling off some of the oldest ships in their fleets.
This year, Norway's ADS has been focusing largely on VLCC spin-off ADS Crude Carriers, which has sold its three VLCCs this autumn.
