German shipowner Neu Seeschiffahrt is reported to have offloaded two of its older ore carriers (VLOCs) for demolition in Bangladesh.

It is said to have sold the 322,941-dwt Bing N (built 1992) and the 218,283-dwt Eva N (built 1997) for $320 per ldt, according to cash buyers GMS.

The Richard Neu-fronted owner will pick up $11.5m from the sale of the 36,072-ldt Bing N and receive around $8.8m