HNA Technology Completes $52m Bulker Disposal Programme with Capesize Sale

## HNA Technology Wraps Up $52m Bulker Disposal Sweep Shanghai-listed HNA Technology has completed a structured fleet disposal programme, agreeing to sell the last of three bulkers earmarked for divestiture and bringing the combined value of its latest round of vessel sales to $51.55m, according to Splash247. The final transaction involves the 2012-built capesize bulk carrier *Bulk Joyance*, sold through the company's wholly owned subsidiary Asian Star Marine to a Hong Kong-registered buyer. The deal closes out a deliberate and methodical asset disposal sweep that HNA Technology has been executing across its dry bulk portfolio. ### Strategic Context The disposal programme reflects a broader trend among Chinese conglomerates with diversified shipping interests to rationalise non-core assets and streamline balance sheets. HNA Group, the parent entity, has undergone significant financial restructuring in recent years, and the systematic sale of bulker tonnage by its technology-focused listed arm signals continued efforts to sharpen corporate focus and reduce exposure to volatile freight markets. Capesizes, which typically carry iron ore and coal cargoes on major deep-sea trade routes, have experienced considerable rate volatility in recent periods, making asset sales at current market values an attractive option for owners seeking to exit the segment. ### Market Implications The combined $51.55m realised across the three-vessel programme provides a useful benchmark for secondhand capesize valuations in the current market. The orderly nature of the disposals — executed through a wholly owned subsidiary — suggests HNA Technology sought to manage the sales process carefully, likely to maximise returns and minimise market disruption. For buyers in the secondhand bulker market, the completion of this sweep removes a known block of supply from the near-term sales pipeline, which could provide modest support to asset prices in the capesize segment. The transaction underscores continued liquidity in the secondhand dry bulk market, with Hong Kong-based interests remaining active acquirers of tonnage across vessel classes. *Source: Splash247*