Korean shipowner and operator Chang Myung sold it’s last 1995 built capesize bulk carrier 151K MV C March (ex MV Marina) to Pakistan scrapyard for about $5.6 million including bunkers. In 2005, Chang Myung bought MV C March (ex MV Marina) for $51 million from Greek shipowner Lykiardopulo Family. In 2016, total of 70 capesize bulk carriers have been sold for scrap comparing with 2015 total 96 capesize bulk carriers sold for scrap.
Seoul based Chang Myung Shipping sold 1996 built panamax dry bulk carrier 71K DWT MV C Iris (ex MV Claret) to Bangladesh scrapyard for about $3 million. In 2004, Korean shipowner Chang Myung Shipping bought MV C Iris (ex MV Claret) for about $25 million. In 2016, Korean shipowner and operator Chang Myung Shipping sold 5 capesize bulk carriers for scrap.