San-E Maritime of Japan is widely reported by brokers as having sold its last ship, a supramax bulker, to an undisclosed buyer this week.
The sale of the 55,500-dwt Queen Busan (built 2010) for $17.15m has set “a new price benchmark” for mid-age supramaxes, according to shipbroker Fearnleys.
VesselsValue data indicates that supramax values have been on a steady upwards trajectory since the beginning of the year, when San-E sold the 55,400-dwt Queen Kobe (built 2009) to Karya Samudera Insani of Indonesia for $15m.
