John Fredriksen is making a solid profit on selling two modern capesize bulkers to his publicly listed Golden Ocean.

Oslo and New York-listed Golden Ocean announced the $86m move this week in its second enbloc purchase from the Norwegian tycoon's private company — Hemen Holding — during a busy year for the public company.

TradeWinds understands the Daehan-built 180,000-dwt Sea Monterrey and Sea Behike (both built 2016) are the ships involved in this week’s transaction, which was backed by an overnight equity issue.