The Tsuneishi-built 76,000-dwt Bubalin (ex-Star Aline, built 2004) is going to an undisclosed buyer for $7.5m, say sources.

The sellers are Shipping Tradition Corp, a shipmanagement company set up in Athens late last year. Market sources say the company is managed by Aris Pittas — not to be confused with Aristides Pittas, the principal of US-listed Euroseas, who is understood to have no interest in it.