The Halla-built, 44,800-dwt Hellenic Horizon (built 1995), which is due for its fourth special survey, is understood to have been sold for further trading for $3.6m, some $700,000 over demolition value.

A company official tells Trade­Winds that the Hellenic Horizon was still in Hellenic Carrier’s fleet but declines to provide any further comment.

Hellenic Carriers bought the bulker as Union Leader for a firm $39m in July 2007.