Japan's Meiji Shipping has concluded the sale of two supramaxes for a total of $44m.
It said the bulkers, controlled by Netherlands-based subsidiary Centennial Shipping, would result in a ¥23bn ($20.3m) exceptional profit in its fourth-quarter earnings.
The Tokyo Stock Exchange-listed company expects the sales to increase profit attributable to the owners of the parent company by ¥10bn.
Meiji said it sold the vessels as part of its fleet modernisation.
It said they had been sold to an unrelated third-party buyer, which it could not disclose for confidentiality reasons. The vessels will be delivered to the new owner in November and December.
VesselsValue linked Meiji Shipping to the sale of the 56,100-dwt Medi Okinawa (built 2011) for $22m and Centenario Forza (built 2012) for $21m.
They were reportedly acquired by Mercantile Shipping Lines, part of the Bangladesh Meghna Group of Industries, which also recently purchased the 58,000-dwt bulkers Alam Molek and Alam Madu (both built 2014).
In June, Meiji sold the 78,200-dwt panamax Orient Genesis (built 2014) for a reported $23m.
Meiji Shipping has a modern fleet of 67 tankers, gas carriers, pure car carriers and bulkers.
Its diverse business interests include real estate and leisure.
