South Korean shipowner Sinokor Merchant Marine is selling a brace of neo-panamax boxships to MSC Mediterranean Shipping Company for around $200m, say market sources.

The Seoul-based company is believed to have sold two 8,000-teu newbuildings to the tonnage-hungry Swiss-based liner operator.

The pair, reportedly the London Bridge and Dubai Bridge, are believed to be costing around $100m per vessel.