Singapore's Noble Group has confirmed the disposal of another bulker as it gets nearer to exiting shipowning.

The 93,000-dwt Ocean Topaz (built 2013) has gone for $14.88m, it said.

Net proceeds from the disposal after deducting broker commission are $14.53m.

VesselsValue assesses the ship as worth $16.85m.

Clarksons reports the vessel sold to Chinese interests.

The newbuilding price was $61m.

It follows the sale of the 93,000-dwt Ocean Ruby (built 2010) for $13.2m to Oldendorff, leaving it with three ships.

Those debt-free vessels — the 93,000-dwt Ocean Garnet (built 2010) and Ocean Sapphire (built 2012), along with the 180,000-dwt Aqua Vision (built 2011) — are all on the sales block.

The company has an overall asset-light shipping policy focused on covering the commodities trader’s shipping requirements through short and long-term charters.

A total of 11 ships have been sold in the last two years.

In December, a new company was formed from the ashes of "Old Noble", with substantially all of the assets and business being transferred.

Creditors have taken over 70% of the new entity, with 20% held by shareholders of the previous company and 10% by management.