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Seacon Shipping to Sell 2019-Built Bulk Carrier for Up to US$26.7 Million

Story Highlights
  • Seacon Shipping will sell a 2019-built bulk carrier for up to US$26.7 million by March 2026.
  • The vessel will be purchased via an exercised option then on-sold, with both steps deemed discloseable transactions.
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Seacon Shipping to Sell 2019-Built Bulk Carrier for Up to US$26.7 Million

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The latest update is out from Seacon Shipping Group Holdings Ltd. ( (HK:2409) ).

Seacon Shipping Group Holdings has agreed to sell a 44,038 gross tonnage bulk carrier built in 2019 for up to USD26.7 million, with delivery to the buyer due on or before 1 March 2026 and an option for the buyer to cancel if the vessel is not ready by that date. The vessel, currently chartered under a bareboat arrangement, will first be acquired by Seacon through exercising a purchase option before being on-sold, and both the disposal and the exercise of the purchase option qualify as discloseable transactions under Hong Kong listing rules, reflecting a routine but material adjustment of the group’s fleet and asset portfolio.

More about Seacon Shipping Group Holdings Ltd.

Seacon Shipping Group Holdings Limited is a Hong Kong-listed shipping company engaged in owning and operating vessels, including bulk carriers, serving the international seaborne transportation market.

Average Trading Volume: 107,206

Technical Sentiment Signal: Hold

Current Market Cap: HK$2.09B

See more insights into 2409 stock on TipRanks’ Stock Analysis page.

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