Sinokor to Add New Capesize to Its Fleet

zoomIllustration; Image Courtesy: Diana Shipping South Korean shipowner Sinokor Merchant Marine has opted to expand its fleet as it reached an agreement to purchase a 209,000 dwt Capesize vessel TRF Charleston. Under the deal signed on June 5 with US-based TRF Ship Management, Sinokor will purchase the companys bulk carrier newbuilding for USD 46.2 million. The vessel fetched a price which is slightly over its current market value of USD 42.4 million, according to data provided by VesselsValue. Featuring a length of 300 meters and a beam of 50 meters, the bulker was delivered from China Shipping Industry in January 2017. The newbuilding will join Sinokor Merchant Marines fleet of over 150 vessels, 31 of which are bulk carriers. World Maritime News Staff