Taylor Maritime Investments (TMI) has banked $33.3m from disposing of two bulkers in improving markets.

The London-listed shipowner said a 2006-built handysize and a 2011-built supramax were offloaded at internal rates of return above 100%.

Both unnamed ships were part of the seed fleet during TMI’s initial public offering last May.

Valuation platform VesselsValue said the 55,600-dwt Awesome Ashley (built 2011) went to Blue Fleet Group of Lebanon for $20.9m.