Stella Shipping's cargoship Stella Moon has been sold at auction after being seized in Singapore earlier this year.

The 2,950-dwt vessel (built 2009) fetched $2.4m, less than half of what it cost to build in Bangladesh.



Its sistership was sold at auction earlier this year after the Danish owner claimed to have became the victim of circumstances, which included the collapse of its bank, Fionia Bank of Denmark, during the economic crisis.



Stella