China's financial services provider China Minsheng Trust successfully delivered its first vessel "EM AMBER" on August 6 to the buyer.
The 58,000dwt bulk carrier was built in 2010. China Minsheng Trust bought it for US$8.7 million at the end of 2016 and sold it for approximately US$12.5 million. Therefore, we can see that it is very wise for the company to make the investment when the shipping market hit its bottom in 2016.
It is said that the financial company owns 22 quality bulkers with a total of 1.9 million deadweight tons, including 16 secondhand carriers and six newbuildings which are being built by renowned shipyards in Japan, South Korea, and China.