It has sent the 73,500-dwt Orleta Lwowskie (built 1991) to be cut up in India, it is claimed.

A source at Polsteam confirms the panamax has been committed for sale.

He declines to disclose any details connected to the price, which cash buyer GMS places at a “fantastic” $497 per ldt.

It explains the Danish build and the fact the ship carried soft grain cargoes leaving its hold in excellent condition aided the price.