Pan Ocean of South Korea has sold a 12-year-old large bulker for demolition.
The 206,000-dwt Ocean Vanguard (built 1994) has been sold for a net price of $290 per ldt or $7.7m.
The vessel, which has been in the Pan Ocean fleet since it was new, sold as is in Korea.
The owner has sold three handymax bulkers built in 1996 for demolition this year.
