BW Dry Cargo has locked in a profit of more than 35% on the sale a kamsarmax it bought in a bank sale in December 2016.
The Sohmen family-backed company, which is the bulker arm of the Singapore-based BW Group, has sold the 81,000-dwt BW Hazel (built 2013) for a reported $21.8m.
Chief executive Christian Bonfils confirmed the SPP Shipbuilding-constructed bulker was sold to a European buyer.
