Oslo-listed Jinhui Shipping & Transportation is said to have sold one of its handymax bulkers.
Brokers say the 48,200-dwt Jin Bi (built 2000) has been sold to a Chinese owner.
A price of $3.8m is being placed in the transaction.
Attempts to secure comment from Jinhui on the reports were unsuccessful at the time of writing Monday.
The Jin Bi is the fourth 2000 built handymax Jinhui has sold this year and would complete its exit from that sub-sector of the market.
