Shipping firm Malaysian Bulk Carriers Bhd said on Friday it agreed to sell two ships for $68 million in a deal that would yield a net gain of $29.9 million. The company said in a statement it signed a memorandum of agreement to sell two handymax bulk carriers to Falcon Shipping LLC and Harrier Shipping LLC of the Marshall Islands.
Malaysian Bulk is controlled by Malaysian tycoon Robert Kuok Hock Nien.
Shares of Malaysian Bulk ended unchanged at 2.43 ringgit ($0.64).