Stam Shipping Sells Recycling Bulk Carriers

Stam Shipping sells bulk carrier for recycling, writes Adis Ajdin for Splash 247.

Greece’s Stam Shipping appears to have sold its last remaining bulk carrier for recycling.

Cash buyer Best Oasis reported that the 2001-built Alba I has gone to Bangladesh for an undisclosed price tag.

Stam bought the 74,800 dwt panamax as Fortune Trader for a reported price of $9.3m in October last year. The ship’s scrap value is around $7.15m,...

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