Load Line Marine of Greece appears to have made another savvy asset play — this time selling a 17-year-old supramax bulker for almost three times what the company paid in June 2016.
Shipbroking sources in Europe said the George Souravlas-led shipowner has offloaded the 52,000-dwt Challenger (built 2001) to an Indonesian buyer for $8.8m.
Load Line only paid about $3m when it bought the bulker — then named New Spirit — from compatriot Transmar.
