South Korea: Hanjin Shipping Sells Two Bulk Carriers

Hanjin Shipping is looking to sell off two bulk carriers, according to recent broker reports.

The South Korean shipowner placed both the 150,000-dwt Hanjin Madras (built 1990) and the 33,700-dwt Great Leader (built 2004) on the market. The pending sale of the handysize, for an expected $12m, comes with Hanjin ready to take up a purchase option on a vessel it has had on charter from Cido.

(Seatrade-Asia)