Bocimar of Belgium has taken advantage of rising dry bulk asset values with the sale of a post-panamax bulker.
Managing director Benoit Timmermans confirmed the company has sold the 93,000-dwt Nadine Venture (built 2011).
He declined to comment on the price and on reports the Shanhaiguan Shipyard-built vessel has gone to a Ukrainian buyer.
Sources claimed the company had achieved $17.7m