Exmar said it has sold 138,107-cbm Excel (built 2003), which has been delivered to its new owners, the company said in a press release.

The Nicolas Saverys-backed shipowner said its 50% share in the joint venture vessel netted $23m.

As reported in TradeWinds, Exmar and co-owner Mitsui OSK Lines were said to have been looking for a buyer. A deal was reported heard done by September.