Sources say the New Century-built, 53,000-dwt Atlas (built 2002) has gone to an undisclosed buyer for $3m.

It is the only ship in the fleet of Recovery and was bought at auction in October 2009 for $20.9m. Earlier that year, the vessel, then named Sara V, was valued at $30m. Then-owner Sara Shipping bought it for a full $58m in 2008.