Dubai company sells bulker
Dubai based shipping firm Ishhar Overseas has reportedly sold one of its bulkers to a Chinese company.
According to brokers from Europe, Ishhar sold the 75,300-dwt Pride of Indore (built-1996) for $7.3m.
Ishhar had bought the ship for $34m in 2008, picking it up from Cypriot company Marlow Navigation.
According to VesselsValue.com, Ishhar continues to have a further five bulkers in its fleet, including four panamaxes and one superamax. The total worth of the fleet is listed at $74.1, with an average age of 11.