Norway’s Wallenius Wilhelmsen has snapped up a bargain car carrier by using a purchase option.

The company did not reveal details but said the value of the 6,284-ceu Porgy (built 2009) is above the strike price included in the long-term lease charter.

Car carriers at ‘critical’ tipping point as charter rates fall, Clarksons says
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VesselsValue assesses the ship as worth $79m.