Tomini Shipping has made a chunky profit from the sale of an ultramax bulker it has owned for just under two years.

The Emirati owner has bought the 76,554-dwt vessel then known as Tomini Integrity (built 2016) for a reported $19.7m in July 2020.

The Dubai-based company sold the Japan-built vessel this month for a reported $33m, which is 67% more than it paid for the vessel.