“There was no other offer and Credit Agricole took over the ship,” said a source close to the auction that took place in a Piraeus court.

The other two vessels auctioned over the past weeks, however, have found willing buyers: The 27,800-dwt Eleni T (built 1997) went to Singaporean interests for $5.3m in an auction in South Africa.

The 27,400-dwt Nestor (built 1997) was awarded to a Greek buyer for $4.86m