Unbridled container ship demand continues to produce strange effects on the secondhand market for dry bulk carriers.
Athens-based brokers report that Singapore-based owners have paid $22m to buy the 35,000-dwt multipurpose (MPP) vessel Doreen (built 2004).
Market sources speaking to TradeWinds suspect the only reason the Chinese-built vessel secured such a high price is because its new owners intend to use it as a container ship.
