The first of three arrested SAM Shipping bulkers has gone under the hammer in the US in an epic video auction.

Winning bidder Melinda Maritime of Liberia paid $4.74m for the Swiss owner’s 32,600-dwt handysize SAM Eagle (built 2010) in an online sale conducted by UK Admiralty shipbroker CW Kellock.

Credit Suisse obtained an order in June in the District Court of the Southern District of Texas to sell the handysize.