The price is substantially lower than the $7.25m price reported for the vessel last November in another deal that subsequently failed.
Industry sources describe this as a new low for handysize values, with one noting that vessels of a similar size and age fetched higher prices even after the 2008 market collapse.
Handysize prices have been in steady decline since January 2015, when the Great Dream would have been worth $13m, according to online platform VesselsValue.com.
Hanjin
