Greek shipowner Avin International could be set to completely exit the bulker market, with reports that the company has sold one of its two panamaxes.
US brokers said the company's the 76,000-dwt Vamos (built 2004) has gone to an undisclosed buyer for $9.5m.
The price for the the Tsuneishi Shipbuilding-constructed vessel is more or less in line with the $10.2m
