Discover the Maras: Ratings & Maritime News

Finnish group Bore is selling its general cargoship fleet to focus on ro-ro operations. The company said on Tuesday it is offloading six vessels that constitute its contract of affreightment (CoA) business, which has suffered from “several years of over-capacity and unsustainably poor profitability.”It blamed the small size of the CoA fleet for its uncompetitive position against larger players in the tough general cargo sector.The 5,000-dwt Fingard (built 2000) and Swegard (built 2001) are already on the way out and should be delivered to new owners by the end of this month.Brokers said last month Swegard fetched $2.4m.