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Pacific Basin picks up Japanese ultramax pair from Tufton Oceanic
Hong Kong owner Pacific Basin has made its first acquisition of the year, snapping up a pair of ultramaxes from Tufton Oceanic. Brokers are reporting that Pacific Basin has paid $34m enbloc for the Oshima-built Malmo (2010) and Melbourne (2011), a good flip for Tufton Oceanic who acquired the pair from Jinhui for a total of $28.5m in 2016. The $34m price quoted by brokers is in line with the market value of the bulkers according to VesselsValue.
Pacific Basin picks up Japanese ultramax pair from Tufton Oceanic
Hong Kong owner Pacific Basin has made its first acquisition of the year, snapping up a pair of ultramaxes from Tufton Oceanic. Brokers are reporting that Pacific Basin has paid $34m enbloc for the Oshima-built Malmo (2010) and Melbourne (2011), a good flip for Tufton Oceanic who acquired the pair from Jinhui for a total of $28.5m in 2016. The $34m price quoted by brokers is in line with the market value of the bulkers according to VesselsValue.
Sold
Sold en bloc with Jin Ming to U.K. buyers Tufton Oceanic for $28 mill
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