Berge Bulk is selling

Singapore based shipowner and operator Berge Bulk is selling another large ore carrier for demolition. Berge Bulk is aiming to renew its fleet. Berge Bulk is selling 268K DWT MV Berge Hua Shan (built in 1993) for scrapping in either Bangladesh or India. In 2019, Berge Bulk sold four (4) large bulk carriers for scrap:

  • In December 2019, Berge Bulk sold 290K DWT MV Berge Vinson (built in 1990) for $398 per ldt (Lightweight Displacement Tonnage) or for about $15 million.
  • In December 2019, Berge Bulk sold 289K DWT MV Berge Bureya (built in 1993) for $410 per ldt (Lightweight Displacement Tonnage) or for about $15.3 million.
  • In March 2019, Berge Bulk sold 263K DWT MV Berge Manuslo (built in 1992) for $448 per ldt (Lightweight Displacement Tonnage).
  • In March 2019, Berge Bulk sold 289K DWT MV Berge Denali (built in 1992) for $465 per ldt (Lightweight Displacement Tonnage).

Berge Bulk received higher prices for demolition at the beginning of 2019. Berge Bulk still prefer the traditional but controversial beaching method for scrapping their ships.

In September 2019, Berge Bulk acquired 176K DWT MV Bulk Success (built in 2014), for about $24 million.

James Marshall led Berge Bulk has a fleet of 60 large bulk carriers.