Japan’s Sanko Steamship, which was left bankrupt twice after dramatically mistiming investments, appears to have got its final big commercial decision just right.
The Tokyo-based company has reportedly sold the 82,500-dwt kamsarmax bulk carrier Sanko Hawking (built 2021) for $41.8m, well in excess of current newbuilding prices of $36.5m.
The Tsuneishi-built ship, the last owned vessel in its fleet, was ordered in 2020.
