Denmark's Clipper Group has reportedly sold off its entire fleet of bulkers, according to industry sources cited by the Sofart daily.
Clipper is not commenting, but told TradeWinds it will provide more information on the company in its annual report due on 31 May.
The report claims Clipper will now be an operating company.
It is said to have chartered back some of the vessels and now has a fleet of 100 dry ships and project cargo units.
Sofart said deals were done due to the prospect of a continued weak market.
Clipper is listed with 15 bulkers of between 28,000 dwt and 77,000 dwt, all built from 2006 to 2015.
VesselsValue assesses the company's dry fleet as worth $193m.
In addition, Clipper owns two cruiseships and ferry operator Seatruck, with its fleet of ro-ros.
Part of fleet sold in 2017
In October 2017, the owner sold 16 ships as part of a refinancing deal with lenders.
The company told TradeWinds that the disposals included its last four multipurpose carriers and certain bulkers.
Last year, the owner was linked to the sale of a 14-year-old bulker.
The 28,400-dwt Clipper Lasco (built 2004) was said by brokers to have gone to Vietnamese interests for $6.8m.
Asia Energy Logistics had earlier acquired two handysize bulkers from Clipper Group for $20.6m.
The Hong Kong-listed company said it had agreed to acquire the 32,000-dwt Clipper Selo and Clipper Panorama (both built 2011).
In 2018, Clipper sold its 50% holding in Danish Ferries to Mols Linien for $92m.
Morten Hvidtfeldt, its senior vice president and head of corporate finance, has now left the group.
But he is acting as an independent advisor to the company.
