K Line sells third bulker in the space of a month

K Line sells third bulker in the space of a month

Kawasaki Kisen Kaisha (K Line) is attempting to shave off its third reported bulker of the year, all within a month.

The sale is no surprise and plenty more bulker sales from the Japanese giant are expected to follow as K Line has publicly stated it intends to cut back its exposure to the sector.

Sources tell Splash that the diverse owner has just sold the 10-year-old panamax Serenata, although the deal has still to be totally finalised. Goldenport Holdings, tipped as the buyer of the ship, is said to have paid $6m for the ship, which would be a good deal for the Greek owner with online portal VesselsValue.com setting the market value for the ship at $7.30m.

The sale comes quickly after K Line sold the 11-year-old baby cape, Cape Sophia and some weeks before this, it offloaded a supramax.

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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