Tomini’s supramax exit draws close

After close to a year, weekly circulating its exit from the supramax segment, and fixing and failing on several occasions, Dubai-based Tomini has finally sealed a deal and a tidy profit. The 2012-built Tomini Victory has been sold to Chinese buyers for $10.8m. Lion Shipbrokers note that the sellers purchased the bulker as Oriental Phoenix back in May 2016 for just $7m.

Tomini is also listed as selling two other Chinese-­built Dolphin 57 supramaxes, the 2010-built Tomini Infinity for $10.1m, as well as the 2012-built Tomini Sincerity for $10.5m,.

The latest deal leaves the outfit with the 2010-built vessel Tomini Ability and seven ultramaxes.

Privately owned Tomini’s main shareholders are its chairman, Imtiaz Shaikh, and his family.