Second hand vessel purchasing still going strong

The market for second hand vessels has kept on building momentum during the past week, in a clear sign that whatever the conditions in the freight market, there will always be ship owners out there looking to find a good deal. According to the latest report from shipbroker Shiptrade Services, the past week was completed with a healthy number of sales being reported.
“Highlights of the week are the sale of Panamax “Michele Bottiglieri” (abt 75.413 dwt Built Hitachi JPN 2001) at USD 26 mill to undisclosed buyers with 3 years TC back to Sellers at USD 16.000 / day and Panamax “La Jolla” (abt 72.126 dwt Built Hitachi JPN 1997) at USD 21 mill to Chinese buyers with a TC attached to COSCO at USD 14.750 / day until August- November 2011.
A number of vessels of various sizes and types are on the market seeking buyers at “decent” prices.
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Source: Hellenic Shipping News