Chinese owners have offered a trio of non-scrubber-fitted capesizes for sale — just as the vessel type earns their best money in a decade in the freight market.
The first is the 176,300-dwt ASL Earth (built 2005), which Athens-based brokers said was circulated for sale by Agricore Shipping.
The low-key Chinese company could be looking at a potential asset play. Agricore bought the ship 15 months ago for about $11.3m.
With a special survey passed in December 2020 and a ballast water treatment system (BWTS) installed, the ASL Earth could fetch at least $19m now, according to brokers' estimates.