Its 179,200-dwt Baltic Lion (built 2012) and Baltic Tiger (built 2011) have been circulated by sale and purchase brokers in Europe.

Baltic bought the ships as K Global Pride and K Happiness in late 2013 via an en bloc deal with SK Shipping at above today’s market level.

“If Baltic succeeds in selling these assets, the transaction will serve as a good benchmark for the second hand market,” said Erik Nikolai Stavseth in his daily report this morning.

Baltic