Greek tanker and bulker owner Diamantis Lemos is set to shrink its fleet further with the sale of two Hudong-Zhonghua-built LR1 ships.

The 72,300-dwt Despina (built 2006) is presently en route to Panama, while the sistership Archangelos Gabriel (built 2005) is discharging in Los Angeles, according to broker reports.

The ships are likely to fetch between $11.5m