Squeezed carrier sells dry bulk vessels for 1 USD apiece

The extreme conditions on the bulk market are now impacting carrier Goldenport's performance on the London stock exchange. Six of the carriers' eight dry bulk vessels have been sold for the fire sale price of one US dollar apiece.
BY NICOLAI BANG

These are hard times in the shipping industry, especially in the bulk market, where a brutal plunge in the bulk index has pushed one company after another to the brink of collapse.

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