KMTC sells last bulker to focus on boxships

KMTC sells last bulker to focus on boxships

Korea Marine Transport (KMTC) has sold the last bulk carrier in its fleet and will focus on container shipping business.

The 2003-built 52,200dwt supramax bulker KMTC Challenge was sold to an unnamed buyer for $7.1m.

KMTC’s bulk business suffered a loss of KRW13.4bn ($11.8m) in the year of 2016, after a KRW3.1bn loss in 2015.

Following the disposal, KMTC will have 21 containerships in its fleet. According to Alphaliner, KMTC’s total capacity stands at 121,455 teu, ranked 19th in the world.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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