Masterbulk, the Singapore-based company of Norwegian shipowner Westfal-Larsen, has sold its last 1980s-built open-hatch bulkers for demolition.
European shipbrokers said the 43,000-dwt Geiranger and Grindanger (both built 1986) have been sold for green recycling in India.
Controlled by Masterbulk since delivery, they are likely to have fetched about $3.5m
