Sanmar Shipping sold handymax for demolition

Chennai based shipowner and operator Sanmar Shipping sold 1985 built handymax dry bulk carrier 54K M/V Sanmar Phoenix to demolition for $3.9 million. M/V Sanmar Phoenix was the last dry bulk carrier in Sanmar Shipping’s fleet. In August 2016, Chennai based shipowner and operator Sanmar Shipping sold panamax dry bulk carrier 1996 built 73K DWT M/V Sanmar Paragon for demolition. After selling M/V Sanmar Phoenix, Chennai based shipowner and operator Sanmar Shipping is temporary exiting dry bulk shipping market.