Hsin Chien Marine is in the process of selling one of its capesize bulkers.
Brokers report the 179,000-dwt New Mighty (built 2011) is under negotiation for sale to H Line of South Korea.
A price of $27.5m is being suggested for the Hanjin Subic-built vessel.
Sources close to Hsin Chien Marine say the pending deal is normal business as the company is expecting to take delivery of a newbuilding.
