A Greek bulker under arrest in the UK is to be auctioned following a fierce legal fight.

The 36,000-dwt Alkyon (built 2015), owned by Stallion Eight Shipping and managed by Ariston Navigation, is lying near Falmouth, but will now be sold on 18 June through sealed tenders by admiralty broker CW Kellock.

A high court order dated 2 May names NatWest Markets and Royal Bank of Scotland as the claimants.