Korea Line selling supramax M/V Sanbay

Korea Line is selling 8 year old supramax bulk carrier. Korea Line Chines shipyard 2008 built supramax dry bulk carrier 56K DWT M/V Sanbay for $5.7 million. M/V Sanbay was on time charter to Hayne Shipping at $4,900 per day. On the other hand, Korea Line is buying 2002 Korea built panamax dry bulk carrier 72K DWT M/V Matilde Corrado for $4.8 million from Gestion Maritime.
Seoul based Korea Line has a fleet of 20 bulkers.