Sincere Navigation, one of the biggest shipping players on the Taiwanese stock exchange, has sold of one of its oldest capes marking its first sales move in years. The 15-year-old 172,316 dwt Mineral Antwerpen was sold to Greece’s Moundreas for $14.5m, signficantly less than the fair market value MSI gives the ship.
was sold to Greece’s Moundreas for $14.5m, signficantly less than the fair market value MSI gives the ship.Sincere’s fleet is comprised of 17 ships made up of two handy bulkers, nine capesizes, two kamsarmaxes, a VLOC and three VLCCs.
