Destination: Montreal, Canada
Previous port of call: Valencia, Spain

https://theloadstar.com/sinokor-makes-700-profit-on-sale-of-panamax-quartet-to-msc/
09/02/2022
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 and 2002-built 4,253 teu Singapore Bridge.

Sinokor, South Korea’s largest non-listed shipowner, operates in intra-Asia lanes and tends to deploy feeder and sub-panamax vessels. Where larger boxships are concerned, it is active as a tonnage provider, chartering ships to other operators.

Ship databases show Sinokor acquired North Bridge for $14.8m in 2014, Baltic Bridge for $14m in 2017, Baltic South for $10m and Singapore Bridge for $7.9m, both in 2019.