James Marshall-controlled Berge Bulk has sold one of the biggest vessels in its fleet for demolition.
Brokers in Europe and the US said the company has sold the 364,000-dwt ore carrier Berge Stahl (built 1986) "as is" in Malaysia for $496 per ldt, or $20.3m.
The bulker was by far the oldest in the Berge Bulk fleet.
