Korean Sinokor Merchant Marine sold M/V Silver Trade for demolition

Korean Sinokor Merchant Marine solde capesize bulker 150K DWT MV Silver Trade built 1996 for demolition for $300 per ldt (Lightweight Displacement Tonnage) which is about $5.3m to Indian scrap yard. In 2011 Korean Sinokor Merchant Marine bought this cape size bulk carrier for $18m from George Economou’s DryShips. Three months ago, Korean Sinokor Merchant Marine also sold cape size bulk carrier 158K DWT MV Silver Master (built 1996) for scrap. In 2015, total 96 cape size bulk carriers sold for demolition. In 2016, up to now, 46 cape size bulk carriers sold for demolition.