Sinokor follows Greek S&P playbook on container ship sales and VLCC buy

South Korea’s Sinokor Merchant Marine has made a big profit on the sale of two panamax container ships in the red-hot market and has splashed out $42.5m to buy a secondhand VLCC.

The diversified owner is said to have sold the 4,253-teu Singapore Bridge (built 2002) and the 4,432-teu Baltic South (built 2010) en bloc to liner giant Mediterranean Shipping Co (MSC) for $160m.