Japan’s Sanko Steamship has sold its only two LPG vessels according to brokers, leaving it with a fleet of just six bulkers.
The company has offloaded the 2008-built 34,483 cbm LPG carriers Sanko Innovator and Sanko Independence for around $16m each to European buyers.
Both VesselsValue and MSI’s eValuator put the market value of the ships at over $21m each.
Sanko Steamship controlled a fleet of around 185 vessels, around 40 of them owned, when it filed for bankruptcy protection in 2012, its second bankruptcy in its history. The company emerged from a reorganisation under court protection in December 2014.
