A general lull in the sale-and-purchase market for bulkers has not discouraged some players from pouncing on what they consider bargains amid sluggish or falling asset values.
Far Eastern companys are prominent amid the few parties expressing interest in ageing panamaxes, as two reported deals highlight this week.
The first concerns the 74,700-dwt Topeka (built 2000). The Hudong Zhonghua-built vessel, which has been in the fleet of George Economou company TMS Dry, fetched nearly $6m, which is about $1m above its scrap price, according to VesselsValue.
