Tolani sheds elderly supramax

Indian owner Tolani Shipping has offloaded one of its ageing supramax bulkers. The Mumbai-based outfit is reported to have sold the 2005-built Prabhu Mihikaa to undisclosed interests for $11.85m. The company has been approached for comment. The 55,600 dwt Oshima-built unit was picked up by Tolani for $74.25m in 2008, according to Jinhui Shipping’s Hong …

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