The UK-listed Greek shipowner said the South Korean-built 44,809-dwt Hellenic Horizon (built 1995) had been sold for $3.8m.

The company described the sale as a “continuation of its fleet renewal program”. It only has one nineties-built ship left in its fleet.

Hellenic said it expects to book a net loss of about $3.9m on the sale taking into account the vessel’s net book value and expenses related to the sale, which was first reported by TradeWinds last week.

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