Blue Fleet Group looks to have found a trading buyer for a late-1990s built handymax bulker at comfortably above its scrap value.
Brokers say the 48,200-dwt Royal Arsenal (built 1999), the only ship listed in the Blue Fleet Group, has secured a price of $5.4m.
This is above both the $4.52m VesselsValue places in the ship and the $$2.42m demolition price it has against the bulker.
