Germany’s Oldendorff Carriers is reportedly making a huge profit on a sale of a post-panamax bulker.

Brokers said the Henning Oldendorff-controlled shipowner has offloaded the 93,000-dwt Celine Oldendorff (built 2010) for close to $20m.

The Chinese-built vessel was acquired from Hong Kong's Noble Group in 2020 as it sought to exit shipping.