Jinhui Shipping & Transportation is set to become a pure supramax owner after agreeing to offload two 12-year-old post-panamax bulkers.

The Oslo and Hong Kong-listed shipowner is set to receive $17.25m for each of the 93,200-dwt Jin Lang and Jin Mei (both built 2010) or $34.5m in total.

The two vessels are due to be delivered to their new owners between 7 November 2022 and 20 December 2022, Jinhui said.