It did not give financial details of the deal, butnamed the vessels as the 42,000-dwt Oluja (built 1996) and 44,000-dwt SvetiNikola I (built 1997).

A Zagreb stock exchange filing did not name thebuyer.

The company’s fleet of 19 vessels includes two 38,700-dwt bulkers on orderat Qingshan Shipyard in China for delivery in 2015.

Atlantska's net loss in the six months to 30 June was HRK 30.4m ($5.36m), compared to a profit of HRK 1.1m in the same period of 2012.

The shipping division posted a loss of HRK 29.1m.