Sinokor takes Zosco cape pair

Sinokor takes Zosco cape pair

Sinokor has taken two seven-year capesizes from China’s Zhejiang Ocean Shipping Co (Zosco).

Brokers indicate the Korean player is paying $14.9m per ship. The Zosco Jiaxing and the Zosco Shaoxing were both built at Jinhai Heavy Industries. Zosco had been marketing the pair since early June.

Only a few capes built in 2009 have been sold this year. Just two other capes built in China have sold in the secondhand market so far in 2016.

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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