Greek owner Stamatis Molaris is believed to be shedding a panamax bulker and an MR product tanker.

Greek and international brokers report he is selling the 76,700-dwt Rosali (built 2005) for between $9.8m and $9.9m in a deal still on subjects that are to be lifted within two weeks.

If confirmed, the sale of the Sasebo Heavy Industries-built bulker would represent a lucrative asset play for Molaris' Empire Bulkers, which bought the ship in June 2016 for about $7.5m.

No comment

Managers at Empire Bulkers did not respond to a request for comment.

Some Greek brokers are identifying Athens-based Niriis Shipping as the buyer of the Rosali. However, Niriis principal Dimitris Gousis denied the reports.

Niriis is a shipmanager whose clients were reported earlier this year to have sold an older panamax — the 73,100-dwt bulker Navalis (built 1998). However, Gousis told TradeWinds this week that the Sumitomo-built ship remains in Niriis’ managed fleet.

A sale of the Rosali would not be the only panamax bulker asset play this week. Other broker reports in Athens say clients of Andreas Hadjiyiannis company Cyprus Sea Lines have sold the 76,300-dwt Marika (built 2004) to unidentified Far Eastern buyers for $12.4m. Cyprus Sea Lines bought the ship in 2015 for about $10.7m.

Tanker sale

Molaris has also been busy as a tanker seller. Separate brokers in the US and Greece report he is selling the 46,800-dwt MR Sirius (built 2007) for about $14m to unidentified German buyers.

If confirmed, the sale would be a further move to clear Molaris' tanker fleet ahead of a spate of newbuilding deliveries.

Empire Navigation, a separate Molaris company, sold two similar tankers last year. This year and next, Empire Navigation is scheduled to take delivery of eight MR product tankers from Hyundai Mipo Dockyard. These are not speculative orders, as Molaris is believed to be planning to charter them out to US commodities trader Cargill.