Golden Union profits from newcastlemax bulker sale

Theodore Veniamis – led Golden Union has reportedly sold bulk carrier Crassier (206,300 dwt) at a considerable profit.

Specifically, the newcastlemax bulker built 2007 was bought by Golden Union four years ago from NYK for USD 14.5 million. It is now reported that Crassier was sold to a Chinese shipping firm for approximately USD 28.8 million.