Sinokor Merchant Marine is in the process of selling two pre-2000 ore carriers for demolition in a deal that suggests a further increase in prices.
European brokers said the 322,000-dwt Sino Merchant (built 1997) has been sold for scrap to Pakistan for $473 per ldt, or $17.7m. Sinokor purchased the vessel from Neu Seeschiffahrt of Germany for $25m in November 2012, when it was named Amy N.
