Ark Shipping of Greece is selling its only vessel for scrap.
The 61,000-dwt bulker Stark (built 1984) has gone to India for some $2.4m.
Ark bought the ship as East Sunrise 28 for $9.3m in October 2010.
The sale means at least 30 panamax bulkers have been sold for scrap already this year, against 98 in the whole of 2015.
For more on demolition, see story
