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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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