Singapore’s High Court has again given the go-ahead for the auction of a modern handymax bulker that was last operated by China’s Highrich Logistics.

The 37,300-dwt bulker Long Bright (built 2012) will be sold via a sealed-bid tender, with offers due at the Sheriff of Singapore’s office no later than 3pm on 19 February.

VesselsValue estimates a market value of $11.3m