Navios Maritime Holdings is rumoured to be selling one of its oldest bulkers.

Brokers have this week connected the Angeliki Frangou-led company with the disposal of the 52,100-dwt Navios Ionian (built 2000).

A price of between $5.1m and $5.1m is being placed on the sale to an unknown Chinese buyer.

Attempts to reach Navios executives for clarification on the matter were unsuccessful at the time of writing on Friday.