September 2 1994 TradeWinds Page 17 Scrap market picks up An elderly Panamax bulker, reported to have spent nearly two years at anchor off Piraeus, has been sold for scrap. The 89,000dwt Navigator (built 1969), which is reported to have been sold under the shortened name Navi, is destined for a breaker s yard in India. The vessel is said to have been sold for USD 181 ldt, placing its value at USD 2.8m.