Seacon Shipping Sells Bulk Carrier for $42.9 Million

en.Wedoany.com Reported - Seacon Shipping Group Holdings has agreed to sell the bulk carrier Seacon Antwerp to Journey Marine, registered in the Marshall Islands, for $42.9 million. The vessel, built in 2024 with a gross tonnage of 43,655 tons, is scheduled for delivery on or before September 30, 2026.

The ship is currently operated under a bareboat charter by Qihang Zhongzhou Leasing Tianjin Company, and the seller plans to exercise a purchase option to acquire ownership before final delivery. The acquisition price is approximately $27.3 million, after which the existing charter will terminate and the vessel will be transferred to the buyer.

The board stated that the sale will free up capital, which the company plans to use for general working capital and potential vessel acquisitions. Based on the company's financial estimates, the group expects to realize a net gain of approximately $9.4 million from this disposal.

The transaction value was determined through negotiations, taking into account the purchase option price and an alternative offer from another potential buyer. Records show that the vessel's audited net profits for 2024 and 2025 were $733,500 and $853,200, respectively.

The current owner of the vessel is wholly owned by Bank of China Financial Leasing. Upon completion of the sale, the actual net gain will be finalized based on the vessel's net asset value at the time of delivery.

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