Dry CargoGreater China
Hsin Chien Marine lets go of two ageing bulkers
Taiwanese shipowner Harvey Chiu and his Hsin Chien Marine have cashes in investments in the bulker market, pruning its 26-ship strong bulker arm by selling its oldest ships.
Splash understands that two ships have been offloaded this year; a 10-year-old Mitsui Tamano-built supramax sold to Jandoor shipping, while Indonesian owner Habco is revealed as the taker of the 16-year-old 99,000 dwt post-panamax Habco Ankaa, formerly called Dyna Globe, sold earlier this year for $15.5m.
Hsin Chien Marine can boast a fleet average of just five years valued at just under $900m.