Star Bulk Carriers has sold a 1994-built bulker for demolition in a deal that the company says will generate a profit.
The 70,100-dwt panamax Star Julia will go to an Indian breakers’ yard by early February.
According to online platform VesselsValue.com, the demolition value of the ship is around $5m, or $440 per ldt.
The Star Julia was one of the 34 vessels acquired from Excel Maritime Carriers in a massive en-bloc transaction last August.
