Sinokor takes huge profit from newcastlemax sales

Sinokor Merchant Marine of South Korea has sold three newcastlemaxes to compatriot Pan Ocean.  Sinokor has pocketed $213m from the sale of three 2020-delivered sister ships, the 208,000 dwt Atlantic Dragon, Atlantic Lion and Atlantic Tiger. Sinokor ordered the ships back in 2018 for $51m each and has managed to sell them on for $71m …

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