UK shipbroker CW Kellock has been appointed to handle a US court sale of a Turkish bulker arrested by Bank of America last year.

The District Court in New Orleans ordered the auction of the 35,000-dwt handysize Marine Princess (built 2012) following missed mortgage payments.

The date is yet to be announced but will not be later than 3 February.

The sale includes the remaining fuel on board the bulker, which is moored at the port.

VesselsValue assesses the Sohtorik Management & Agency-managed handysize as worth $17.5m.