Turkey’s Ciner Shipping Industry & Trading, which had been expanding via newbuildings, is to make its first move in the sale-and-purchase market for secondhand vessels.

Ship management and broking sources in Turkey and Singapore identified the Istanbul-based outfit as the buyer of the 180,000-dwt Stella Nora and Stella Naomi (both built 2016) at $44m each.

A deal could also extend to a third ship managed by Singapore-based Cara Shipping, the 180,000-dwt Stella Hope (built 2016).