Quoting Seasure’s report–
9 newer Ultramax vessels for $330M (Cash and DSX shares)
https://www.hellenicshippingnews.com/seasure-market-report-1…
About $36M each. Probably fair price for the newer ones (2017-2018 builds) and less so for the older ones (2015 builds)
Does this mean that OceanPal (OP) gets a supply of (expensive) older drop-downs? More than likely - definitely better dry bulk plays out there at current prices (SBLK, GNK)