Sources say the Lubeck-based owner paid just $10.5m for the Yangfan-built, 93,000-dwt Fulvia (built 2010), which will be renamed the Charlotte Oldendorff. Vessels­Value says the ship is worth about $12.83m.

Earlier this month Oldendorff sold the Imabari-built, 95,000-dwt bulker Conrad Oldendorff (built 2013) to Cobelfret for $19m. It bought the ship in August last year for $16.45m. The company has also sold the 33,000-dwt bulkers Christiane Oldendoff and Christoffer Oldendorff (both built 2010) this month.

Bremen-based