Massoel Shipping of Switzerland has sold another handysize, putting it one vessel away from a complete bulker market exit.
The Geneva-based outfit sold the 20,000-dwt Lugano (built 2003) to a Lebanese buyer, according to shipbrokers in the US and Greece.
If the sale of the Sekwang Shipbuilding-constructed vessel is completed, Massoel will be left with one bulker, the sistership Andermatt (built 2002).
