Another ship appears to have been sold from the operated fleet of Singapore-based bulker company Pacific Carriers.

Brokers reported the Japanese-controlled, 83,000-dwt Ikan Bagang (built 2009) has been sold to an undisclosed buyer for $12.5m.

The price for the Sanoyas Shipbuilding-constructed kamsarmax is slightly lower than expectations.

The ship was estimated to be worth between $12.8m and $13.3m, according to Maritime Strategies International and VesselsValue.