Fra TheGunners på sharevville:
2020 Bulkers has continued to reduce its fleet with another newcastlemax sale.
Fresh from selling three large bulk carriers to Asyad Shipping in Oman last month, the Oslo-listed operation has agreed to offload the 208,000-dwt Bulk Sao Paulo (built 2020) to an unaffiliated third party for $72.75m.
VesselsValue has a value of nearly $70m on the ship.
2020 Bulkers will retain the vessels’ operating cashflows until the closing of the transaction, which will be during the first quarter of 2026.
The company, founded by shipowner Tor Olav Troim, expects to recognise a net book gain of $29m.
The allocation of the proceeds has yet to be determined.
The owner will be down to its last two ships following the sale. These are both newcastlemaxes built in 2020.
The Bulk Sao Paulo is on charter to Costamare Bulkers.
Fearnley Securities said the sale was another “solid” one by the company, which has now offloaded four vessels for a total consideration of $281.75m.
Oman-stocklisted Asyad Shipping splashed out $209m on the purchase of three newcastlemax bulk carriers from 2020 Bulkers in September as it forges ahead with its fleet growth plans.
The 208,000-dwt Bulk Sandefjord and Bulk Santiago (both built 2019) and the Bulk Shenzhen (built 2020) went for 10% above broker valuations.
The price equated to nearly $70m per bulker, with VesselsValue assessing the trio as worth only $191m.
The owner expects to make a net book gain of $89m from the transaction.
Last year, 2020 Bulkers sold two other 2019-built vessels to Neda Maritime in Greece for only $63.7m each.
In September, chief executive Lars Christian Svensen told TradeWinds: “It was a good entry point and it is a good exit point for these assets, but we would also like the exposure to this market so we will continue trading the remaining fleet — business as usual — with the remaining ships.”
He said there were no current plans to sell 2020 Bulkers’ final three vessels.
Copyright: TradeWinds, simply the best!
En exit på 154 inklusive alle utbytter betalt fra denne ville vel gi en riktig så behagelig ende på visa
