Japanese shipowner and operator Sanko Line acquired kamsarmax bulk carrier from compatriot Mitsubishi. Sanko Line has acquired 2014 built kamsarmax bulk carrier MV Majestic Sky for about $21.5 million. MV Majestic Sky is due for dry docking in April 2020. Japanese trading house Mitsubishi has been rebuilding its fleet. MV Majestic Sky is built in 2014 at Imabari Shipbuilding, Japan. Japanese shipowner and operator Sanko Line is planning to acquire more secondhand ships.
Sanko Line went into insolvency in 2012 but emerged from the bankruptcy case in 2014. Currently, Sanko Line is now controlled by Paul Singer led Elliott Management Corporation.
In 2019, Sanko Line ordered newbuilding 82K DWT kamsarmax bulk carrier at Tsuneishi Shipbuilding, Japan for delivery in Q4 2020. Newbuilding order is in line with Sanko Line’s fleet renewal programme.
In June 2019, Sanko Line sold 2005 built capesize bulk carrier MV Euro Fortune for around $14.7 million to Greek shipowner Capital Maritime & Trading. In August 2019, Capital Maritime & Trading sold MV Euro Fortune to Korean shipowner Samjoo Maritime for around $16.65 million. Samjoo Maritime renamed MV Euro Fortune as MV SJ Asia.
Before bankruptcy, Japanese shipowner and operator Sanko Line was a leading shipowner with a fleet of 200 ships.