Malaysian Bulk Carriers (Maybulk) has put two bulk carriers for sale, Malaysian local media The Edge has reported.
According to industry sources, Maybulk is now in talks to sell 87,000dwt Alam Padu and 53,000dwt Alam Muni, hot on the heels of the reported sale of 87,000dwt bulker Alam Pesona for US$6.8m to Greek shipowner Navitas Compania Maritima.
In March, Maybulk suffered its first-ever annual loss, reporting a loss of MYR1.18bn (US$282.14m) for the year of 2015.
"2016 is expected to be yet another challenging year for dry bulk shipping. Looking forward, China's seaborne coal imports are expected to decline further in 2016. The increase in demolition activity, reduced dry bulk deliveries and increasing lay-ups should help to reduce tonnage overcapacity," the company said.