Taipower slashes its fleet

State-owned Taiwan Power Company (Taipower), the island’s biggest energy provider, is axing half of its shipping arm, letting go of two locally built, 19-year-old, 88,000 dwt bulkers, the Taipower Prosperity 1 and its sister, Taipower Prosperity 2. The ships are noted sold for $5.25m each. Selling the two vintage workhorses fits Taipower’s new green profile …

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