Hong Kong owner Fenwick Shipping has offloaded its oldest ship. The low profile outfit sold the 16,900 dwt Ma Cho, built 1997, for some $1.6m.
The company declined to comment on the sale when contacted by Splash.
The conservative handysize specialist is owned by Antony Louis Marden and Oistein Harmens Thorsen.
The bulk player stayed loyal to its segment over the years focusing on operating a string of grab-fitted small handysize dry bulk carriers concentrating on the Asia and Oceania regions.