New York-based Swiftbulk has become a tanker owner only, after calling the top of the dry bulk market and cashing out of the sector in $67.7m-worth of deals.

The sale of its bulkers comes as the company has scored a decisive courtroom win in a protracted dispute with its former investment banker.

Swiftbulk chief executive Stefanos Kasselakis confirmed to TradeWinds that the 55,800-dwt Osios David (built 2012) and 82,100-dwt Thestelia K (built 2009) have been committed for sale, but he underscored that money has not yet changed hands.