The joint venture between Petros Pappas-led Oceanbulk andAugustea-Bunge-York (ABY) fetched $445 per ldt, or just over $20m enbloc, frombreakers in India, according to brokers and cash buyers.

All three have been laid up off Labuan in Malaysian Borneo,it is claimed.

The vessels are the 64,796-dwt ABYO One (ex:GiovanniDella Gatta, built 1987) and sisterships 122,760-dwt ABYO Two (ex:Gina Iuliano,built 1990) and 122,760-dwt ABYO Three (ex:Luciana Della Gatta, built 1990).

Heron