Sinokor cashes out of boxes in $3bn pivot to VLCCs

A Korean shipping major’s decision to cash in its container chips and invest them in VLCCs is having major repercussions in the sale and purchase markets. Brokers are agog at Sinokor’s market-altering decision to largely exit the container scene in favour of supertankers, paying over the odds for available VLCC tonnage.  Oslo-based Gersemi Asset Management …

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