Hong Kong’s Wah Kwong has exited the handy sector. Brokers tell Splash that the outfit has decided to sell one of its older ships, the 34,000 dwt, Chengxi-built African Venture, for just under $13m, a ship that has been with Wah Kwong since it hit the slipway in 2012.
, for just under $13m, a ship that has been with Wah Kwong since it hit the slipway in 2012.Wah Kwong tends to trade its ships for years and likes to order its ships. It prunes a ship every other year to keep its stable young. The shipowner boasts a fleet average age of only six years, counting 31 ships.
The Hing Chao-led owner has a diversified fleet with exposure to different sectors, including dry bulk and crude.
