CarVal Investors has reportedly sold two handysize bulk carriers, which, if confirmed, means the investment manager no longer owns any vessels directly.
Brokers report that the 37,300-dwt handys Alpine and Summit (both built 2015) have been sold to White Lake Shipping of Russia for $14.65m each.
The pair have been being circulated for sale since at least September 2018.
CarVal declined to comment on the sale when contacted by TradeWinds on Tuesday.
The investment group completed the sale of its 35,000-dwt bulkers North Star and Grand Marais (built 2016) in February this year.
At the time, brokers reported the handy pair were sold to Alliance Maritime of the Netherlands for $32.4m en bloc.
North Star and Grand Marais have since been renamed as Merel D and Maryam D respectively, according to Equasis data.
Change of course
Like many other private-equity funds, CarVal made its entry into shipowning in 2013 with a flurry of vessel acquisitions.
But unlike many other funds that entered the sector at that time, CarVal is still involved with shipping, but the firm has focused mainly on investing in other shipping companies over the past couple of years.
CarVal holds a 6.5% stake in Diamond S Shipping and 0.5% of Golden Ocean Group, according to a filing made to the US Securities & Exchange Commission (SEC) on 5 May.
Filings made last year show that CarVal owns 49.6% of GoodBulk, after selling 13 capesizes to the Monaco-based heavyweight in 2017.
The investment manager acquired a 16.7% stake in Saverys-backed Hunter Maritime Acquisition in October 2016, but had divested all its shares in the special-purpose vehicle by the end of November 2017, according to US SEC filings.
