Jiangsu East Heavy Industry (JES) has recently finished the resale of two 79,800dwt bulker at a price of $44.0m apiece to Swiss owner SwissMarine.

It is reported that Croatian owner Atlantska Plovidba has axed the construction of two Panamax bulkers at JES, which was ordered in 2008 at a cost of $45.0m apiece.

According to VesselValue.com, SwissMarine owns a fleet of six Capesize bulkers and one Panamax bulker with a total value of $117.5m.