Greek owner Cyprus Maritime has sold yet another of its 1980s-built panamax bulkers.

Sources say the Sanoyas-built, 70,000-dwt Panamax Jade (built 1988) has been sold to India for a strong $506 per ldt, or $4.7m. The company bought the bulker as Noble Jade for $10.7m in December 2009.

In August, Cyprus Maritime sold a similar vessel, the 70,000-dwt Princess Vanya (built 1989), for a full $514 per ldt.

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