Al Khalejia Aggregates of the United Arab Emirates (UAE) has locked in a firm profit from an asset play involving a supramax bulker acquired a year ago.
Brokers report this week that the company has sold the 50,800-dwt Rak Ana (built 2000) to undisclosed interests for $6m.
The price, although slightly below the $6.45m value pegged on it by VesselsValue, means Al Khalejia has almost doubled its money.
