Hsin Chien Marine sells 14-year-old panamax for $6.8m

Hsin Chien Marine sells 14-year-old panamax for $6.8m

Dry cargo specialist Hsin Chien Marine from Taiwan is selling of one its older panamax sized vessels.

Several brokers report that the 76,000 dwt sized New Agility, built in 2001, has been sold to South Korea’s Pan Ocean for a firm price of $6.8m.

A company official denied the ship has been sold to Pan Ocean, saying the company was still in negotations to offload the Imabari-built ship.

This is not the first time the vessel has been laid out for sale. The vessel was reported sold for close to $13m in April 2014.

Earlier this summer the same company was reported selling another elderly Japanese build handymax sized ship.

Hsin Chien Marine, which is operated by the Hsu family who run Courage Marine, operates one of the largest fleet of bulk carriers in Taiwan.

The fleet list contains close to 40 ships including newbuilds with an average age of under 10 years.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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