Monaco-based DryLog is linked by multiple broking sources to the sale of two five-year old supramaxes.
DryLog is thought to have paid $17.5m per ship for the Orient Orchid and Orient Jasmine, two vessels that were controlled by Singapore-based OMC Shipping, a wholly-owned subsidiary of Japanese trading house Mitsui.
OMC, like many large Japanese owners, has been busy this year offloading a significant portion of its fleet, both wet and dry.
