Greek shipowner Times Navigation has capitalised on firm bulker values with a sale of yet another ship.
Managers at the John Karageorgis-led company confirmed the company has divested the Nan Trieu Shipbuilding-constructed, 53,000-dwt Sophia K (built 2008).
According to European brokers, the vessel has gone to another Greek owner for $11.5m.
This isn't the only vessel Times Navigation has offloaded recently.
