Market sources claim the 207,800-dwtMacau Mineral (built 1989) commanded $501 per ldt, which amounts to a payday ofapproximately $12.5m.

According to Fearnleys the vessel, whichis controlled by Sea Star Ships of China, will be torched in Bangladesh.

Earlier this week GMS, which bill itselfas the world’s largest cash buyer, told clients that the deal included over1,000 tons of bunker fuel worth roughly $15 per ldt.

Today,