Asia
Sincere Navigation's Singapore Unit to Sell Crude Carrier for $83 Million
Sincere Navigation's (TPE:2605) Singapore unit will sell the very large crude carrier (VLCC) "Maxim" for $82.5 million, according to a Monday Taiwan Exchange filing.The 296,888-deadweight-ton vessel will be sold to Mediterranean Shipping.The transaction is expected to be completed between January and February 2027, and is projected to generate a disposal gain of about $9.8 million.The sale is part of the marina transportation company's vessel replacement strategy, it said.
TPE:2605
