Ningbo-based iron ore trader Henghou Group is looking to clear out its shipping fleet, having put its two VLOCs up for sale.

According to shipbroking sources, the company has listed the two 2017-built, 250,000 dwt ore carriers Houheng 5 and Houheng 6 for sale.

The two vessels, currently managed by Thome, are both trading in the spot market.

VesselsValue‘s valuation on Houheng 5 and Houheng 6 is $52.71m and $54.41m respectively.

Henghou Group is currently engaged in the business of iron ore trading, shipping, real estate and logistics park development.