Asia/Pacific News
Yujin Sells bunker Tanker to Singapore Operator
Monday April 8, 2013
Yujin International Ltd (Yujin) said Friday it has sold 4,606 dwt single hull bunker tanker M/T Gallant to an unnamed Singapore based operator.
The Singaporean tanker company was said to have received S$2.5 million ($2 million) in cash for the 1995 built vessel, which has already been delivered to her new owners.
Yujin said that the proceeds of the sale will be used to partly repay an existing bank loan, and for working capital purposes.
It has three remaining bunker tankers which are currently on time charter.
