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Deep discount?
Rizhao Steel is said to have succeeded in receiving a discount for tens of millions of dollars on a capesize bulker.
Brokerage sources report Friday that the Chinese steelmaker has taken delivery after renegotiating with London-based Zela Shipping.
The ArethousaThe parties are said to have agreed to slash $43m off the $133m purchase price originally reported in July, bringing the final price for the 172,000-dwt Arethousa (built 1999) to $90m.
If true, the renegotiation could lend creedence to fears of falling bulker values amid a dead sale-and-purchase market.
TradeWinds reported in March that Rizhao Steel had purchased the Arethousa and its sistership, the Cape Sun, for about $270m.
But the deal was quickly clouded in uncertainty as the Cape Sun was reported to not be a part of the deal.
Later, Rizhao was said to be demanding a large discount on the vessel, and Mercator Lines (Singapore) was reported to be purchasing the vessel for $140m.
That deal also fell through over the purchase price. |
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