Grimstad-based JJ Ugland Group is planning to sell more of its oldest bulkers.

Last year the company disposed of the 52,000-dwt Fermita (built 2001), which was sold to Chinese interests for $6.6m.

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Some brokers now claim JJ Ugland is in the process of selling the Tsuneishi Cebu-built 52,000-dwt bulker Rosita (built 2004) to Indonesian interests for $6.6m.