Taiwan Navigation has achieved a surprisingly low price for 17 year old Japanese built panamax bulker, brokers say.
The Sumitomo built 73,000-dwt Tai Price (built 2001) has been sold to a Chinese buyer for $8.2m, sources claim. The vessel is due for dry-docking.
Last week US listed DryShips sold the Kanasashi built 75,000-dwt Maganari (built 2001) for $10m.
Tai Price has been in the Taiwan Navigation fleet since it was new.
