German shipowner Oldendorff Carriers is in talks to sell 13 ultramax bulk carriers on charter back deals to China Development Bank Financial Leasing (CDBL) for around $310m.

Shipbrokers with knowledge of the discussions say the vessels are modern and still-to-be delivered newbuildings.

Eight of the ships are built at Chinese yards, three at Nantong Cosco KHI Engineering joint venture shipyard in China, with the remaining two constructed at Imabari Shipbuilding.