Russian state shipowner Sovcomflot (SCF Group) took advantage of rising asset prices and strong markets to make an exit from the bulk carrier sector.

The tanker and LNG carrier specialist revealed 10 vessel sales in its first-half report, including the last two panamax bulkers in the fleet.

The 75,000-dwt Egor Letov (ex-NS Energy, built 2012) and the sister vessel NS Yakutia (built 2013) went to an unnamed Russian owner for a combined $40m, brokers said.