Dubai company sells bulker

Shipping firm Ishhar Overseas has sold vessel for $7.3m.
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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.
 

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