The Adani Group has banked a large profit from the sale of a capesize bulker to the UK’s Hayfin Capital Management, according to shipbrokers and maritime databases.
The Indian conglomerate has sold the 181,000-dwt Urja (built 2013) for $38.1m, according to shipbroking houses in the US and Greece.
The transaction comes seven years after TradeWinds reported that Ahmedabad-based Adani bought the vessel from Mitsui OSK Lines of Japan when the vessel was estimated to be worth $24.9m.
