Chinese buyer snaps up ageing bulker from Ocean Freighters

Greek bulker owner Ocean Freighters is said to have sold a 17-year-old panamax bulker to a Chinese buyer.

Brokers say the 74,000-dwt Pontonikis (built 2002) has been sold for about $7m, in contrast to estimates of $7.3m to $9m by VesselsValue and Maritime Strategies International.

Ocean Freighters paid compatriot Maran Dry Management $56.5m for the DSME-built ship, then named Anangel Gallini, in 2007, when prices were surging towards their peak.