Receive FREE Newsletter
Advanced Search
+

News / Sinokor makes 700%+ profit on sale of panamax quartet to MSC

Singapore 9-8-2017
Baltic Bridge Credit Sarah Huang.
By

Sinokor Merchant Marine is said to have sold four panamax box ships to MSC for $350m, earning more than a seven-fold profit.

Brokers said that at the end of January, MSC bought the 2005-built 7,471 teu Baltic Bridge, 2010-built 4,432 teu Baltic South, 2006-built 4,298 teu North Bridge ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.
Current subscriber
New subscriber

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    Maersk Line MSC Sinokor Merchant Marine

    Most read news

    Four crew members still missing as Wan Hai 503 continues to burn

    Predatory rivals circle as the ripples from DSV's Schenker buy widen

    Explosions and 'out-of-control' fire reported on Wan Hai box ship

    MSC Elsa crew face criminal probe, as Wan Hai 503 firefighters battle on

    Latest Israeli attack on Iran a threat to box ships in Straits of Hormuz

    'It's driving us mad', say forwarders as US court fails to end tariff turmoil

    Transpacific rates ease as capacity boost proves too much for trades to digest

    European port congestion easing – for now

    DSV insiders hit back at Kuehne & DHL GF – got a 'pro integration' going

    CMA CGM 'testing the water' of the Suez Canal for more services

    More legal trouble in India for MSC: feeder vessel detained after box ship disasters

    Flexport: Sanne Manders talks profitability, fire-sales and Dave Clark

    Industry concerns rise after yet another box ship on fire off Indian coast

    MSC to hold 15% global container terminal market share after Hutch buy

    EXCLUSIVE: Schenker top exec departs 'One DSV' – fishing continues (Part 1)

    Return of downward pressure on container spot freight rates