German shipowner H Vogemann has reportedly sold its last capesize bulker to Korea Line.

European brokers said the 176,800-dwt Vogerunner (built 2008) went for about $24.3m.

The price for the Namura Shipbuilding-constructed vessel is in line with estimates of between $24.1m and $24.7m by Vessels­Value and Maritime Strategies ­International.

The price tag is considered an indication that values for such tonnage have not been much ­affected by the low freight market in March.