Greek shipowner Cosmoship Maritime has disposed of a 14-year old-supramax bulker.
US and European shipbrokers said the outfit has sold the 53,000-dwt Archagelos Michael (built 2007) in a deal that will see it pocket a lower-than-expected price.
The ship, which was built at Vietnam's Ha Long Shipyard, fetched $8.2m, the brokers said.
The buyer is not known.
Earlier this month, Sinotrans attained as much as $14.7m
