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Dong-A Tanker quits dry bulk with cape sales to Minerva Marine

In the capesize sector, South Korea’s Dong-A Tanker has sold three sister ships – Dong-A Eos, Dong-A Astrea and Dong-A Oknos to Greece’s Minerva Marine for an en bloc price of $81m. The 179,329 dwt ships were built in 2009 and 2010 at Hyundai Heavy Industries. The sale sees Dong-A Tanker exit the dry bulk scene.

Dong-A Tanker emerged from court receivership in 2020 and was bought out by private equity firm Pine Tree Partners.

Minus these three capes, the Dong-A Tanker fleet is now comprised of nine tankers, four boxships and three car carriers.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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