Oslo-based Atlantica Shipping is set to conclude another asset-play with the sale of a supramax bulker bought in September 2016.

The Norwegian company has tied up a deal on subjects with an Indian shipowner for the 56,000-dwt Tento (built 2010).

European brokers said the Taizhou Kouan Shipbuilding-constructed ship has fetched a gross price of $11.7m, with the net price net, after commissions, coming in at $11.4m.