Chang Myung demolished old capesize bulk carrier

Korean shipowner and operator Chang Myung sold its last 1995 built capesize bulk carrier 151K M/V C March for demolition to Pakistan for $5.6 million which is including bunkers. Korean shipowner and operator Chang Myung bought M/V C March in 2005 as M/V Marina for $51 million from Greek owner Lykiardopulo Family. In 2016, total 70 capesize dry bulk carriers have been sold for scrap comparing with 2015 total 96 capesize dry bulk carriers sold for scrap.