An elderly handymax bulker that suffered a fire during what was supposed to be a brief call at the Malaysian port of Penang to drop off a cargo of fireboard has been auctioned as scrap.

The judicial sale of the 48,200-dt Kmax Pro (built 1997) brings to an end a long-running legal dispute between the vessel’s Hong Kong-based owner, Brave Worth Shipping, and Bumi Jaya Salvage & Engineering, which was engaged to salvage it.