The ship is set for recycling in Bangladesh and is likely to have secured $7m to $7.5m.

Sea Star bought the vessel as Suma from NYK Line for $14.5m in July 2011 and its sale may have been concluded before the end of last year.

In November, the Chinese owner sold the 169,000-dwt bulker Glory Nanjing (built 1992) for demolition in Bangladesh.