The 10 bulkers have an average age of 20.6 years and a combined capacity of 387,000 dwt, accounting for 2.2% of CSDC’s total fleet capacity.
The Shanghai and Hong Kong-listed shipowner said the vessels to be disposed of have been valued at around RMB590m ($95.1m) in total.
“The disposal of the 10 bulkers ahead of their operational lifespan will not have a major impact on the group’s operations,” CSDC said.
The disposal of old tonnages is in line with the company’s ongoing efforts to renew its fleet.
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