Trustees of bust United Ocean Group are nearing the end of the fleet sell-off of the Tokyo tonnage provider. Pireaus-based White Sea Navigation is understood to have taken the 2015-built supramax Ocean Morning for $21.85m. For White Sea, the Ocean Morning is a big step up in size; its existing three-ship fleet are three 32,389 dwt handies.
for $21.85m. For White Sea, the Ocean Morning is a big step up in size; its existing three-ship fleet are three 32,389 dwt handies.United Ocean, founded in 1995 by Indian national Vipan Sharma, filed for court protection on December 31 2015, saddled by debts of more than $1bn. Its fleet of seven car carriers and 33 bulkers has slowly been sold off in the ensuing 21 months.
