Seacon Shipping is shipping out one of its older supramax bulkers as it looks to recycle capital for its extensive newbuilding push.
The Hong Kong-listed shipowner has confirmed the sale of the 57,000-dwt Seacon Yantai (built 2010) for $13.8m in a regulatory filing.
The Qingdao-based shipowner said it expects to achieve a profit of $6.5m
