Oriental Ocean sells off most of its fleet
Chinese owner Oriental Ocean Shipping Holding (OOSCO) has sold of a trio of modern Chinese-built post-panamax bulkers. Brokers tell Splash that the 92,000-dwt Welfine and its sister ship the Welprofit (both built 2011) are going to an undisclosed Greek buyer for $17m each while the taker of the one year older Wellsucess has been identified as sold to Korea Shipping for a price in the low $15m region. All ships were built at New Yangzijiang Shipbuilding.
This is the second time in a couple of years the ships have been been reported as sold. The first time was in the summer of 2015 when the ships fetched some $6m less, however the sale fell through.
OOSCO is listed with five sisterships delivered from Jiangsu New Yangzijiang between 2010 and 2011. The three sales are listed as on long subjects.