Sinokor bags $16m newcastlemax

Sinokor bags $16m newcastlemax

Mizuho Sangyo has found a taker for one of its two newcastlemaxes it put in the shop window last week.

Splash reported last week that the 203,000 dwt Azul Challenge and a sister ship, Azul Integra, were for sale, with the Azul Challenge inviting offers while the second ship is open for inspection soon. Now sources tell Splash that the $16m winning bid for the 15-year-old Azul Challenge has been approved and the ship will move to the fast growing Sinokor fleet.

One broker described the price achieved as “underwhelming” given the current rally in large bulker fortunes.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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