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Sold
at levels USD low 16 mill to Korean buyers.
Sinokor bags $16m newcastlemax
Mizuho Sangyo has found a buyer for one of its two newcastlemaxes it put in the shop window last week. Sources tell that the $16m winning bid for the 15-year-old Azul Challenge has been approved and the ship will move to the fast growing Sinokor fleet. One broker described the price achieved as “underwhelming” given the current rally in large bulker fortunes.
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