Euroseas said has sold one of its older container ships for $14.2m, with market sources indicating that it is heading for demolition.

The owner of 17 vessels has offloaded the 5,610-teu intermediate boxship Akinada Bridge (built 2001) to an undisclosed cash buyer of ships for demolition, according to VesselsValue.

Aristides Pittas-led Euroseas plans to deliver the ship, which was built by Hyundai Heavy Industries, in January 2023.