China's shipping company Zhejiang Ocean Shipping Co (ZOSCO) has sold two of its Capesize bulkers to the South Korean shipping firm Sinokor Merchant Marine, show data provided by VesselsValue.

The vessels in question are Zosco Jiaxing and Zosco Shao Xing, each featuring 176,000 dwt.

Built in 2009, the bulkers were sold for US$14.9m each, slightly less than their market value of US$15.2m.

The two bulk carriers, with a length of 291.8 meters and a width of 45 meters, were built by Chinese shipyard Jinhai Heavy Industry.

With 91,971 gross tons, the vessels were a part of the company's fleet of 12 Capesizes.

Following the conclusion of the sale and the delivery of these two ships, Zhejiang Ocean Shipping will operate a fleet of ten Capesize bulk carriers ranging from 175,900 dwt to 180,400 dwt.

The company's fleet will now consist of 2010- and 2011-built vessels, all of which were built by Jinhai Heavy Industry.