Moundreas acquires capesize bulker from Sincere Navigation

Taiwanese bulker operator Sincere Navigation has announced that the company has sold its 2003-built 172,400 dwt capesize bulker to Greek owner Nicholas G. Moundreas Shipping. The DSME-built ship was sold for a price of $10m, substantially higher than VesselsValue’s valuation of $7.9m. Sincere Navigation said the company will register a loss of $1.25m from the sale.  …

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