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New York-listed Greek owner Costamare has continued the trend of offloading smaller bulkers with another handysize set to exit the fleet.
The Konstantinos Konstantakopoulos-led company is shipping out the 2010-built 31,775 dwt Resource, with delivery to an undisclosed new owner expected during the second quarter.
Costamare bought the ship in July 2021 for about $12.6m and said it expects to book net sale proceeds of $3.3m after debt prepayment.
The company, which shipped out a large number of handies and supramaxes in the past two years, has also closed the previously reported sale of 2008-built panamax Rose, ending up with net proceeds of $4.1m.
Earlier this week, Costamare completed the spin-off of its bulker business into a standalone listed owner of 37 vessels and a trading platform consisting of nearly 50 newcastlemaxes, capes and kamsarmaxes. The dry bulk division has concluded more than 25 charter deals since Costamare’s fourth-quarter earnings release.
Following the spinoff, the Costamare brand has continued as a pure-play boxship tonnage provider of 68 ships, with 100% and 73% of the fleet fixed for 2025 and 2026, respectively.
The post Costamare ships out 15-year-old handy appeared first on Energy News Beat.
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