Some brokers report the 171,000-dwt Cape Stork (built 1996) as having been sold for demolition for $380 per ldt or $7.6m.

But TradeWinds is told this is not the case, as the bulker is on subjects in a deal for further trading.

The identity of the buyer and the price are unclear.

In December Quantum embarked upon a massive clear out of 1990s-built capesizes.