The Singapore-listed shipowner offloaded the 46,693-dwt FSL Durban (ex:Stella Eltanin) and the Stella Fomalhaut (both built 1999) for a combined $23.55m minus commision and costs, it said today.

Brokers suggest Greek owner AM Nomikos has purchased the ships.

Indebted FSL agreed to sell the pair as part of a recent deal with creditors to relax loan covenants until the end of the year.

The disposal will save around $3m in planned dry docking costs in the first quarter and cut $5m off the $44m in debt payments due this year.

“The