John Fredriksen's private interests have taken an opportunistic move in the sale-and-purchase sector by disposing of a Chinese-built panamax bulker at a profit.

Sources said the 76,000-dwt Sea Rising (built 2012), which is controlled by Fredriksen's privately held Seatankers Management, was sold to a Chinese buyer for $14m. The Norwegian seller confirmed the sale of the Yangfang Group-built vessel.

The company claimed it has fetched a good price for the Chinese-built ship, and that Fredriksen has locked in an “OK profit” over book value.