China's Global Marine Ship Management is conducting a solid asset play deal on a panamax bulker that it bought in October last year.
The 73,000-dwt Seawing 1 (built 2005) has been sold to an undisclosed buyer for $9m.
The Chinese owner bought the Jiangnan-built ship as Huang He in 2016 from compatriot SSG Capital Management for $5m.
This will be the third vessel that Global Marine, which could not be reached for comment, has sold this year this year.
