Japan's Meiji Shipping has concluded the sale of two supramaxes for a total of $44m.
It said the bulkers, controlled by Netherlands-based subsidiary Centennial Shipping, would result in a ¥23bn ($20.3m) exceptional profit in its fourth-quarter earnings.
The Tokyo Stock Exchange-listed company expects the sales to increase profit attributable to the owners of the parent company by ¥10bn.
