Greek handysize shipowner and operator Narval Shipping Corporation sold 1998 built handysize bulk carrier 31K DWT MV Ekaterina for around $8.5 million to a Turkish shipowner and operator. Athens-based shipowner and operator Narval Shipping Corporation moves very infrequently in the S&P (Sale and Purchase) market. After the sale of 1998 built handysize bulk carrier 31K DWT MV Ekaterina, Greek handysize shipowner and operator Narval Shipping Corporation has left with four (4) bulk carriers: 1997 built handysize bulk carrier 18K DWT MV Dahlia, 1997 built handysize bulk carrier 31K DWT MV Rays, 1999 built handysize bulk carrier 31K DWT MV Paragon, and 2011 built handysize bulk carrier 37K DWT MV Heraklitos. In 2022, handysize bulk carriers have been prevalent among shipowners nevertheless, given handysize bulk carriers relative earnings stability. On the other hand, large bulk carriers, particularly capesize bulk carriers, earnings have high volatility. In 2022, handysize bulk carriers accounted for approximately 50% of all activity on the dry bulk S&P (Sale and Purchase) market. 21-February-2022
Greek handysize shipowner and operator Narval Shipping Corp sold 1997 built 27K DWT MV Minas (ex M/V Pacific Bulker) for around $3 million for further trading. The scrap value of Japanese built MV Minas is around $2.5 million.
In 2013, Greek handysize shipowner and operator Narval Shipping Corp bought MV Minas (ex M/V Pacific Bulker) for around $8 million. Narval Shipping has a fleet of 5 handysize bulk carriers. 17-October-2017