ArcelorMittal lets go of two kamsarmaxes

Two kamsarmaxes controlled by steel producing giant ArcelorMittal are widely reported sold by brokers.  The 83,000 dwt pair – AM Hamburg and AM Quebec – were built for ArcelorMittal 11 years ago at New Times in China. Brokers report they have been sold en bloc for $37m to unspecified Chinese buyers.  ArcelorMittal has an asset-light …

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