An asset play on a post-panamax bulker bought for a bargain price three years ago has netted South Korean shipowner Hyundai Glovis a profit of about $5m.
A source familiar with the deal told TradeWinds this week that it was selling the 97,000-dwt Glovis Donghae (built 2004).
Shipbrokers suggested that Qatari interests, who some identify as Aswan Trading & Contracting, would lift subjects on the vessel this week.
