CP Worldwide — a joint venture between Hong Kong’s Parakou Shipping and CSSC Leasing – has taken advantage of rising asset values to sell two ultramax bulkers for $47.6m.
European brokers reported that the company has sold the 63,500-dwt CP Guangzhou (built 2015) and CP Tianjin (built 2016) for $23.8m each to unknown buyers.
Bulker market sources following the Chinese arena confirmed the sale of the Chengxi-built ultramaxes.
