Goulandris Bros is getting a healthy price for an elderly bulker in a sale to Chinese interests. The 73,000-dwt Zagora (built 2001), estimated to have only scrap value early last year, has been sold for $8.8m.
The Greek shipowner bought the Sumitomo-built ship in 2004 as Hedwig Oldendorff for $37.25m.
That allowed it to enjoy several years of a booming market.
