Daebo International Shipping reducing fleet

South Korean Daebo International Shipping continues to reduce its fleet to two kamsarmax
bulker carriers after selling supramax 2007 built M/V Maemi Pioneer for $8.2 million. South Korean Daebo International Shipping under court protection since December 2015. In January 2016, Daebo International Shipping sold 2002 built 70K M/V Daebo Trader for $4.9m. In 2011, South Korean Daebo International Shipping owned a fleet of 11 bulkers which were acquired peak market between 2007 and 2009. Daebo International Shipping was established in 1974 and operated a fleet of
35 vessels but currently having financial difficulties.