Taiwan Navigation is said to have sold a 12-year-old ultramax bulk carrier to undisclosed interests.
The Shin Kasado Dock-built 61,500-dwt Tai Shine (built 2012) was sold for $21.8m, brokers reported this week.
It is the second bulker the Taipei-based shipowner has sold this year as part of its ongoing fleet renewal process.
In June, the company sold the Oshima-built, 55,400-dwt Tai Hunter (built 2007) to Amoysailing of China for $14.6m.
Taiwan Navigation has yet to notify the Taipei bourse of the Tai Shine deal, and as a listed company, it cannot comment on reported deals.
However, sources familiar with Taiwan Navigation say the vessels were sold ahead of newbuildings being delivered from Japan.
VesselsValue data shows that Oshima Shipbuilding will deliver to the company three bulk carriers — two panamaxes and an ultramax — before the end of this year.
Namura Shipbuilding is building a further two 40,000-dwt bulkers that will be delivered to Taiwan Navigation in 2026.
The shipowner has a strong preference for Japanese-built ships.
Having sold the last of its bulk carriers built at Taiwanese shipbuilder CSBC in 2023, its current fleet comprises 20 ultramaxes, panamaxes and post-panamaxes.
Taiwan Navigation also owns a 9,300-gt ropax that operates a domestic service to outlying Taiwanese islands. That ferry was also built in Japan, delivered by Naikai Zosen in 2023.
