On Friday a leading sale-and-purchase broker reported that the 151,100-dwt Silver Merchant (built 1995) was sold for recycling in Bangladesh.
In a weekly market briefing Lion Shipbrokers of Greece told clients that the capsize bulker commanded approximately $413.00 per ldt.
The price tag suggests the owner, an affiliate of South Korean operator Sinokor Merchant Marine, is poised to pocket roughly $7.4m if the report is accurate.
While
