Nisshin Shipping is believed to have offloaded a panamax bulker at a price that sets a new low benchmark.

Lion Shipbrokers of Greece reports that the 75,933-dwt Medi Kobe (built 2001) has changed hands for $2.7m.

The shipbroker added that this price is around $0.5m less than the latest similar deals.

The Medi Kobe was reported as sold in January 2014 but the $15.3m