Greek dry bulk player Ocean Freighters has shed its two oldest panamaxes in a fleet-renewal process that should see the company eventually replace them with modern kamsarmax tonnage.

Piraeus market sources said the 76,300-dwt Pontovremon (built 2001) has been sold for a price exceeding $7m. Online shipping directories confirm that a transaction has taken place.

The Tsuneishi Zosen-built ship is currently managed by China’s New United Dalian Marine under its new name, Asia Spring.