It is reported to have sent the 90,800-dwt India Coal Maru (built 1995) for demolition domestically.
A figure of $396 per ldt has been placed on the sale.
This would mean a cheque of $5.75m for the owner.
According to VesselsValue.com, India Coal Maru was the only bulker remaining in the fleet of Salgaocar.
Erik Nikolai Stavseth of Arctic Securities says 2.3
