Sinokor swoops for five classic panamaxes

Splash can reveal the buyers of a swathe of Japanese boxship tonnage reported sold in yesterday’s Weekly Broker S&P roundup.

Kawasaki Kisen Kaisha (K Line) has recently announced significant plans to cut back the size of its chartered-in fleet. In line with that, as many classic panamax boxships have been returned to their Japanese owners, rather than seeking another long-term charter, the ships have been sold.

Brokers tell Splash GMS, the scrap buyers, have taken the 2005-built, 4,800 teu Vecchio Bridge likely for further trading while the UK’s Borealis Maritime is the behind the acquisition of the 2009-built 4,255 teu Ambassador Bridge.

The biggest outlay from the K Line-linked clearout is from Sinokor from South Korea. Sinokor has been revealed as the buyer of five units owned by Doun Kisen including the 2009-built 4,300 teu Astoria Bridge, the 2010-built 4,500 teu Baltimore Bridge, the 2011-built 4,432 teu Brussels Bridge, the 2005-built 4,738 teu Venice Bridge and the 2009-built 4,300 teu Athens Bridge.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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