Hong Kong-listed Chinese shipowner Seacon Shipping Group expects to make a $9m gain on the sale of a modern ultramax bulker.

The company said in an exchange filing last week that it has accepted an offer of $32.1m from Shenxin Ship Leasing (Shanghai) Co for its 63,800-dwt Seacon Athens (built 2019).

The Nantong Xiangyu Shipbuilding & Offshore Engineering-built bulker will be handed over to its new owner, a subsidiary of Chinese state-owned JIC Financial Leasing, between 31 August and 30 December.