Dry CargoGreater China

Taiwan Navigation sells panamax bulker

Bulker operator Taiwan Navigation has announced it has offloaded a 16-year-old 77,000 dwt panamax bulker.

Splash understands the vessel is the 2004-built Tai Promotion, which has been sold to Chinese owner Qingdao Everbright Ship Management for a price of $6.75m, and renamed Elim Joyce.

The company expects to record a gain of $2m from the sale, which is part of its fleet optimisation plan.

Taiwan Navigation currently owns a fleet of 14 bulkers and has another eight on order, four of which are expected to join the company’s fleet next year.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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