Sale-and-purchase brokers claim the operator sold the 48,300-dwt He Yuan (built 1985) for recycling in Bangladesh.
According to GMS, which bills itself as the world’s largest cash buyer, the handymax commanded $365 per ldt.
In a weekly market briefing the firm pointed out that price tag is in line with the current market average.
According to Clarksons, Dia Yuan International Shipping will be left with three bulkers. Of these, all but one were built in the 1980s.
GMS described the current state of the scrap markets in Bangladesh, India, Pakistan, Turkey and China as “weak”.
