Greece’s Archangel Pacific has agreed to offload its two youngest bulkers at price levels that show buyers remain undaunted by rising values amid healthy freight rates.
Several brokers in London, Athens and the US reported that the company’s two Japanese-built ultramaxes — the 61,300-dwt Calico Jack and 60,400-dwt Phoenix Rising (both built 2015) — have been sold to Greek peers for $55m in total.
