NGM cashes in on vintage cape

Sales registers show a raft of vintage bulkers have been saved from the breakers in recent months.      Greek owner NGM stands out, linked to the sale of the 2003-built, 171,000 dwt capesize Charm to Chinese interests for around $17.4m. The ship was acquired as Aquacharm in 2020 from John Michael Radziwill for around $10m. NGM has sold three vintage capes in the past six months.      Other recent vintage capesize sales  listed sold include Kerkis, built in 2007, sold by Alberta Shipmanagement; Maran Argonaut, built in 2009, and Maran Happiness, built in 2008, sold by Maran Dry Management; Chin Shan, built in 2004, sold by Sincere Navigation Corp; Pigassos, built in 2011, sold by Lavinia Bulk; and XH Navigator, built in 2005, sold by Everbright Financial.