Siomar Enterprises of Greece is said to have sold its final bulker.
Sources claim Siomar has offloaded the 29,500-dwt bulker Island Mariner (built 1998) to a Middle East based buyer.
The ship is believed to have fetched $3m, compared with the $6.4m the Greek outfit paid of the vessel in the summer of 2013.
The deal seems to fit a general trend in the market where 1990s built capesizes and panamaxes are being scrapped while smaller bulkers of the same age are typically going to trading buyers.
