Corona crisis reaches Salamon Group: Capesize bulker Pacific Queen sold

12. November 2020

Sad end to a great ship: the Bulk Germany (charter name Pacific Queen) was unable to ride out the charter rate low of the Corona crisis. With rates down 90% in some cases in Q1 compared to 2nd half 2019, the ship was unsustainable. It had to be sold under pressure from the bank.

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