Greek owners want to trade old ships

Greek ship owners have thrown 1990s-built vessels into the sales-and-purchase (S&P) market in the hope of divesting them for further trading before considering more radical solutions like scrapping or lay up. Saint Michael Shipping is trying to sell M/V Makra 45,900 DWT built 1994). Another Greek ship owner, Pitiousa Shipping, has put M/V Filia Faith 26,400 DWT (built 1997) for sale. If the market remains depressed, buyers will even stop looking at vessels above 10 years old.