Costamare continues to hive off some of the biggest containerships ever sent for demolition.

The US-listed shipowner is selling a second veteran post-panamax boxship for scrap at a time when employment prospects remain bleak.

The sale of the 7,403-teu Kure (built 1996) is said to have involved a price of around $318 per ldt. With the vessel weighing in at 33,100 ldt, that implies a gross price of just over $10.5m.