Navios Maritime Partners has sold its oldest bulker for scrap, sources say.

The MLP has offloaded the 68,000-dwt Navios Gemini S (built 1994) for demolition.

The ship, which is due for special survey in October 2019, has gone to Pakistan for a firm $443 per ldt or $4.3m.

Chief executive Angeliki Frangou has said that three of the company’s 1990s built bulkers could be sales candidates once asset prices rise further.