MX Bulk Management has reportedly sold two modern kamsarmax newbuildings under construction at a Chinese shipyard amid rising values.

Brokers told TradeWinds that the Isle of Man-based bulker owner has offloaded the 82,000-dwt Una Manx and Ursula Manx, possibly to Shandong Shipping of China for $29.5m apiece.

The price tag is lower than VesselsValue's estimate that the ships are worth nearly $28m each.