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Hong Kong-listed Seacon Shipping has offloaded one of its supramax bulk carriers, netting a profit of more than $6m from the deal with an Indonesian buyer.
The Qingdao-based diversified owner and operator has agreed a $13.8m sale of the 2010-built Seacon Yantai to PT Primatama Energi Mandiri.
The 57,000 dwt Cosco Zhoushan-built vessel should change hands by October 15, delivering a net gain of $6.5m, the company said in a filing, adding that it would use the proceeds to finance potential acquisition of vessels and as general working capital.
Records show the ship has been under a bareboat deal with Bank of Communications Financial Leasing, with purchase options attached.
Earlier this month, the company sealed a sale and leaseback deal with Bank of Jiangsu-controlled Suyin Financial Leasing for a pair of handysize bulk carriers under construction in Japan.
Seacon will charter-in the newbuilds for 120 months once delivered in June and September 2025 and have purchase options available during the charter period.
The post Seacon cashes in on supramax sale appeared first on Energy News Beat.
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