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.