Belgian shipowner CMB and subsidiary Bocimar have completed capesize charter-back sale. CMB sold 2004 built capesize dry bulk carrier 170K DWT MV Mineral Noble for about $13 million with a 4-year charter back to subsidiary Bocimar at $13,000 per day. Belgian shipowner CMB is in a fleet renewal process. CMB CCO Benoit Timmermans confirmed sale of South Korean built MV Mineral Noble. MV Mineral Noble deal shows that dry bulk carrier prices are under pressure due to market conditions. In September 2003, CMB acquired capesize dry bulk carrier 170K DWT MV Mineral Noble as an order resale from Metrostar for $44.5 million. CMB chartered out MV Mineral Noble to Israeli National Coal Company for 10 years. In May 2019, MV Mineral Noble’s 2003 built sister-ship MV Mineral China was sold to STX Marine for $14 million with a 3-year charter back to subsidiary Bocimar for $15,000 per day.
In May 2018, Belgian shipowner CMB acquired 5 capesize bulk carriers from Oskar Wehr in exchange for 12 handysize bulk carriers and cash payment.
In October 2018, Belgian shipowner CMB acquired two 206K DWT new-buildings at Qingdao Beihai Shipbuilding Heavy Industry for delivery 2019-2020 with a price tag of $52 million each. Originally two 206K DWT new-buildings were ordered by Trafigura.
Belgium based shipowner and operator Bocimar Shipping sold 2011 built post-panamax dry bulk carrier 93K DWT MV Nadine Venture. Chinese Shanhaiguan Shipyard built MV Nadine Venture is sold to a Ukrainian shipowner. Bocimar Shipping CEO Benoit Timmermans confirmed the sale but not revealed the price tag. In the current market, MV Nadine Venture price tag is around $18 million. MV Nadine Venture is due for special survey in August 2021.
In 2008, Belgium Bocimar Shipping and Hong Kong Wah Kwong Maritime Transport ordered MV Nadine Venture as 50/50 joint venture as new building. Bocimar Shipping and Wah Kwong Maritime joint venture also ordered sister ship MV Lara Venture at the peak of the market for about $53 million each.
In 2014, Belgium Bocimar and Hong Kong Wah Kwong Maritime Transport decided to split their ownership stakes and ceased joint venture. Belgium Bocimar Shipping took MV Nadine Venture and Hong Kong Wah Kwong Maritime Transport took MV Lara Venture.
Chinese shipowner and operator HNA Logistics is selling 16-year-old capesize dry bulk carrier 2001 built 172K DWT M/V Bulk Prosperity for further trading for $7.9 million. M/V Bulk Prosperity passed SS (special survey) in January 2016. Chinese shipowner and operator HNA Logistics bought M/V Bulk Prosperity from Belgium Bocimar as M/V Mineral Viking in 2009 for $42 million. Chinese shipowner and operator HNA Logistics has a fleet of 24 dry bulk carriers with an average age of six years. HNA Logistics also disposing of its modern dry bulk carriers like 2008 built handy bulk carrier 33K DWT M/V Zhi Jing for $4 million.