Hong Kong’s Wah Kwong Maritime Transport has raised $48m with the sale and leaseback of two ultramax bulkers to a Chinese ­financial institution, which TradeWinds understands is China Development Bank Financial Leasing (CDB FL).

Broker reports have described the Chengxi-built, 63,260-dwt Ocean Enterprise and Ocean Venture (both built 2016) as sold to Beijing’s Minsheng Fin­an­cial Leasing (MFL) for $24m each.