MOL Sells Another Capesize Bulker

Illustration; Image Courtesy: MOL

Tokyo-based shipping firm Mitsui O.S.K. Lines, Ltd. (MOL) has reached an agreement to sell another Capesize bulk carrier for a price of USD 28 million, according to data provided by VesselsValue.

The vessel in question is the 180,700 dwt Sampaguita Dream, which was sold to an undisclosed Far Eastern buyer.

Featuring a length of 292 meters and a width of 45 meters, the bulker was built in 2014 by the Philippines-based shipbuilder Tsuneishi Heavy Industries.

The move comes a month after the company decided to sell two of its Capesize bulkers, namely, Coral Dream and Aquarius Dream.

The ships, built in 2014, were also sold for USD 28 million a piece.

Coral Dream was purchased by South Korean Sinokor Merchant Marine, while its sister vessel Aquarius Dream went to China’s Winning Shipping, VesselsValue data shows.

Earlier this year, MOL revealed plans to reduce its Capesize fleet by about 10% by cancelling some charter-in contracts and selling some of its dry bulkers as part of its restructuring plan.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2017 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

INMEX SMM India 2017

Combining the forces of Maritime industry’s two biggest events, the unified edition of INMEX SMM India brought together the most exclusive…

read more >

LIQUEFACTION OF BULK CARGOES SEMINAR

GET TO GRIPS WITH:
– Mechanisms behind liquefaction
– Guidelines and regulations for bulk cargoes prone to liquefaction…

read more >

Seatrade Offshore Marine & Workboats Middle East

The largest event for offshore marine and workboat sectors in the region, Seatrade Offshore Marine & Workboats Middle East will, once again, serve as a meeting point for international industry professionals to come together and do business. Our 2017 show promises a wealth of networking opportunities, high-level discussions in our conferences on important industry trends, […]

read more >

The Future-Ready Shipping Conference 2017

The Future-Ready Shipping Conference 2017 – the joint Singapore-IMO International Conference on Maritime Technology Transfer and Capacity-Building…

read more >