[Shin Hsin] Announcement of the sale of a VLCC vessel by subsidiary Shin Hsin Shipping (Singapore)
Key facts
- [Shin Hsin] Announcement of the sale of a VLCC vessel by subsidiary Shin Hsin Shipping (Singapore)
- Shin Hsin Shipping announced that its subsidiary, Shin Hsin Shipping (Singapore), intends to sell a VLCC vessel for US$82.5 million, expecting a profit of approximately US$9.82 million.
- Source: PR Times
- Date: June 1, 2026
Direct answer
Shin Hsin Shipping announced that its subsidiary, Shin Hsin Shipping (Singapore), intends to sell a VLCC vessel for US$82.5 million, expecting a profit of approximately US$9.82 million.
- Citation
- [Shin Hsin] Announcement of the sale of a VLCC vessel by subsidiary Shin Hsin Shipping (Singapore) (June 1, 2026), PR Times
- Source
- PR Times
- Date
- June 1, 2026
Shin Hsin Shipping announced that its subsidiary, Shin Hsin Shipping (Singapore), intends to sell a VLCC vessel for US$82.5 million, expecting a profit of approximately US$9.82 million.
📋 Article Processing Timeline
- 📰 Published: June 1, 2026 at 09:00
- 🔍 Collected: June 2, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 2, 2026 at 08:16 (16 min after Collected)
1. Subject: 296,888 DWT VLCC. 2. Date: 115/6/1. 3. Board approval: 115/6/1. 5. Transaction amount: US$82.5 million. 6. Counterparty: Mediterranean Shipping Company. 9. Expected profit: Approx. US$9.82 million (completion expected Jan-Feb 116). 23. Purpose: Fleet renewal. 25. Related party transaction: No.
FAQ
Why are they selling the ship?
To replace aging vessels.
What are the key facts in this article?
Shin Hsin Shipping announced that its subsidiary, Shin Hsin Shipping (Singapore), intends to sell a VLCC vessel for US$82.5 million, expecting a profit of approximately US$9.82 million.
What is the direct answer?
Shin Hsin Shipping announced that its subsidiary, Shin Hsin Shipping (Singapore), intends to sell a VLCC vessel for US$82.5 million, expecting a profit of approximately US$9.82 million.