The forestry products transporter said deals have been terminated for the 1,032-lane-metre Mimer (built 1990) and the 1,625-lane-metre Mistral (built 1999).
The 1,625-lane-metre Miranda (built 1999) was handed back to Godby on 31 December.
It has been chartered out to Transmed for a Valencia run.
UPM blamed the state of the economy and falling demand for newsprint.
