Champion Technology sells its only tanker

Hong Kong-listed Champion Technology, an investment holding company principally engaged in the trading of gasoil, has sold the only tanker in its fleet. The company has sold the 1992-built 41,500 dwt MR tanker to Grandway International Marine for a price of HK$20.18m ($2.6m), lower than VesselsValue‘s valuation of $3.5m. Champion Technology had bought the vessel in …

splash247