The Mitsui-built, 50,000-dwt Gwendolen (built 2004), which has been with the company since it was new, can be inspected in Townsville, Australia. It will then proceed to Indonesia.

The ship is likely to fetch $15m to $16m.

Alan Bekhor, who controls British Marine, could not be reached for comment.

Last year, British Marine sold the 76,000-dwt Volumnia (built 2002) for $15.5m and 73,000-dwt Excalibur (built 1999) for $10.3m.

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