Belships of Norway has sold the oldest vessel in its fleet of supramax and ultramax bulkers to Jinhui Shipping & Trading of Hong Kong.

The Oslo-listed shipowner has offloaded the 55,866-dwt Belfri (built 2007) to the Chinese-backed owner for $15.18m, which Jinhui said it intends to pay in cash.

The geared vessel, which was built at Japan's Kawasaki Heavy Industries, is due to be delivered to the buyer by 20 October.