Brokers claim Arpeni Pratama Ocean Line sold the 61,200-dwt Dewi Umayi (built 1981) and 62,600-dwt Banowati(built 1983) for recycling in Bangladesh.

In a briefing about the sale-and-purchase market Lion Shipbrokers of Greece said the former commanded $464.00 per ldt and noted the latter fetched $473.00.

This means Arpeni Pratama, which has scrapped a number of ageing bulkers in recent years, walked away with more than $11m from the freshly-minted demolition deals.

Observers