Angelakos (Hellas) has carried out a demolition sale of a 19-year-old panamax bulker with a chequered history, while bringing to completion a newbuilding programme that sees it adding four modern kamsarmaxes to its fleet.

The ultimate buyers of the 74,100-dwt panamax Hispania Graeca (built 2001) remain unknown but several brokers reported that the vessel was sold earlier this month "as is" at $190 per ldt, or $1.9m