Greece’s Moundreas family has earned more from the demolition sale of a capesize than it spent to buy the ship in the secondhand market four years ago.
Unimar Shipping’s 170,100-dwt Win Win (built 2001) is heading to a Bangladeshi scrapyard for about $585 per ldt, or about $12m, according to Piraeus-based ship-management sources.
This far exceeds the $9m to $9.5m