Samsun Logix Corporation is trimming its smallest bulkers from its fleet list. Brokers report the Korean company, which is going through a debt restructuring process, has just offloaded the 32,600-dwt Tesoro and its sistership Regina.
The five-year-old pair are the youngest ships in Samsun Logix’s fleet. If the sale is finalised, the Korean firm is left with three capesizes built in the early 1990s and a couple of panamaxes and a handymax in similar age group as the aging cape trio.
The buyer of the two ships is tipped to be Bulgarian flagship company Navibulgar with a price thought to be in the region of $9m each.
Navibulgar is going through a fleet renewal phase. It took two similarly sized ships earlier this year from Cosco Tianjin as well as ordering six new handysizes in China.