Turkish tanker and bulker owner Yasa Holding appears set for a major fleet renewal as it gears up to sell a string of vessels before taking delivery of 12 newbuildings next year.

Greek brokers said the company has put up for sale as many as five units from its trading fleet.

A senior Yasa executive confirmed the reports, saying the quintet were "the first candidates to sell" as part of "a normal" fleet renewal effort.