Essar Shipping is said to have completed the scrap sale of a capesize bulker at the second attempt.

The shipowner has disposed of the 151,000-dwt Badri Prasad (built 1990) at a price of $275 per ldt, sources say.

TradeWinds first reported in May that the bulker had been sold for demolition with brokers explaining today the need to re-market and sell it was nothing sinister.

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