Indonesia's shipowners are hungry for tonnage as coal contracts of affreightment (COAs) from state-owned electricity company Perusahaan Listrik Negara (PLN) and other private power producers are in the offing.
Singapore-based sale-and-purchase sources said this week that Indonesia’s dry bulk player Melco Jaya Bahari (MJB) was in the process of buying the 50,300-dwt bulker Condor (built 2001) from Eagle Bulk Shipping for $6.8m.
