One of Southeast Asia’s most adroit dry bulk asset players has made another tidy profit on a ship sale.
Tan Binh, a private Vietnamese owner, has sold the 10-year-old 28,733 dwt Tan Binh 139 to Tokyo Cement for $7.85m. Tan Binh had bought the ship in December 2015 for $6.3m.
to Tokyo Cement for $7.85m. Tan Binh had bought the ship in December 2015 for $6.3m.In the last two years Tan Binh has targeted Japanese built handies, with many flipped for quick profits as prices for this ship type have picked up noticeably since 2015.
