Andreas Sohmen-Pao-backed BW Dry Cargo could be set for a profitable asset play by flipping a modern ultramax bulker.
Brokers in Europe and the US said the company had sold the 61,000-dwt BW Durum (built 2016) on subjects to Navigare Capital Partners of Denmark for $25m.
BW Dry Cargo bought the ship as a resale contract from J Lauritzen for $18.3m
