Chinese authorities have managed to sell a former Greek-controlled bulker that was moored at Weihai port for more than a year.
The 57,000-dwt bulker Blue Marlin I (built 2008) was auctioned and sold to a Chinese buyer for about $4.85m, according to broker reports in the US and the UK.
The price achieved sits just in the middle of the range between the ship's commercial market value of $6.45m
