<p data-path-to-node="5">In a strategic adjustment of its large dry-bulk fleet, <b data-path-to-node="5" data-index-in-node="76">Adani Shipping&nbsp;</b>the maritime transportation arm of India’s Adani Group has sold its 2012-built Capesize bulk carrier, <b data-path-to-node="5" data-index-in-node="193">MV <i data-path-to-node="5" data-index-in-node="196">Aashna</i></b>, to Chinese buyers for approximately <b data-path-to-node="5" data-index-in-node="240">$37.5 million</b>.</p><p data-path-to-node="6">The transaction marks a selective divesting of aging heavy dry-bulk tonnage by the Indian conglomerate after more than a decade of continuous operational service across global iron ore and coal corridors.</p><h3 data-path-to-node="8"><b data-path-to-node="8" data-index-in-node="0">Capitalization on Capesize Cycle Strengths and Fleet Modernization</b></h3><p data-path-to-node="9">The sale reflects current asset valuation dynamics across the global dry-bulk shipping market:</p><ul data-path-to-node="10"><li><p data-path-to-node="10,0,0"><b data-path-to-node="10,0,0" data-index-in-node="0">Vessel Specifications &amp; Delivery:</b> Built in 2012 at Hanjin Heavy Industries’ Subic Bay shipyard in the Philippines, the <b data-path-to-node="10,0,0" data-index-in-node="119">179,500 DWT</b> Capesize vessel has been operated by Adani Shipping via long-term financing structures, including sale-and-leaseback arrangements involving Japanese trading firms.</p></li><li><p data-path-to-node="10,1,0"><b data-path-to-node="10,1,0" data-index-in-node="0">Partial Execution of En-Bloc Offer:</b> Shipbrokers had initially circulated both the <i data-path-to-node="10,1,0" data-index-in-node="82">MV Aashna</i> and its sistership, <i data-path-to-node="10,1,0" data-index-in-node="112">MV Aanya</i>, as a paired en-bloc deal valued at roughly <b data-path-to-node="10,1,0" data-index-in-node="165">$75 million</b>. However, only the <i data-path-to-node="10,1,0" data-index-in-node="196">Aashna</i> deal has been finalized, while the <i data-path-to-node="10,1,0" data-index-in-node="238">Aanya</i> remains on the market for potential buyers.</p></li><li><p data-path-to-node="10,2,0"><b data-path-to-node="10,2,0" data-index-in-node="0">Firm Secondary Market Dynamics:</b> The deal takes advantage of sustained strength in Capesize asset values, supported by firm charter rates averaging around <b data-path-to-node="10,2,0" data-index-in-node="154">$32,000 per day</b> for modern Capesize tonnage.</p></li><li><p data-path-to-node="10,3,0"><b data-path-to-node="10,3,0" data-index-in-node="0">Strategic Asset Optimization:</b> Selling the 14-year-old vessel enables Adani Shipping to monetize long-held assets and reallocate capital toward green fleet transitions and core port-logistics integration across its broader maritime network.</p></li></ul>