Korea Line Corp set to exit VLGC market

Korea Line Corp is closing in on the sale of its only VLGC, shipbrokers say.

It is suggested the 478,500-cbm DL Calla (built 1990) is set to be sold in a deal that would leave the company with just dry cargo and LNG exposure.

Some have suggested the vessel has already gone to a Chinese owner for $20.5m, but well-placed sources say a sale has yet to be finalised.

VLGC