The Foremost Group has sold at least one capesize and a newcastlemax on the secondhand market, adding fuel to a sale-and-purchase revival for such vessels that began last week.
The sales to Greece’s Danaos Corp and Singapore’s Winning Shipping could even be just a fraction of a wider divestment drive, as brokers link the Chao family company to a total of five sales of capesizes and newcastlemaxes.
