Oldendorff Carriers in surprise capesize sale to Greek owner new to sector

In a surprise move, German bulker giant Oldendorff Carriers has sold the 180,000-dwt Tete Oldendorff (built 2011) to a Greek buyer. Brokers claim that the capesize has gone for $19m, but TradeWinds is told the price is higher, likely around $19.5m.

The Tete Oldendorff is among a trio of very large bulkers that Oldendorff purchased as recently as in June this year from Trust Energy Resources (TERPL), which is part of the Tata Group, an industrial conglomerate from India.