Hyundai Samho Heavy Industries of Korea is reportedly seeking best offers for seven kamsarmax bulker newbuildings.
The newbuilding series were ordered by Today Makes Tomorrow of Taiwan but the owner is said to have failed to keep up payments and could not take delivery of them.
Most of the gearless 84,000-dwt bulkers have already been built and ready for delivery.
Brokers estimate Hyundai Samho could get around $25m each for the ships.
Reportedly, the shipyard has already collected a 30% down payment from TMT.
Published : October 5, 2012