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Sold to South Korean buyers for $38 mill
Six-year-old cape fetches $38m for Hanjin
Hanjin Shipping has sold a six-year-old capesize, Hanjin Saldanha Bay, for $38m to H-Line Shipping as part of efforts to raise cash for urgent debt repayments. H-Line Shipping is owned by South Korean private equity firm Hahn & Co, which bought most of Hanjin’s LNG and dry bulk businesses two years ago.
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