South Korean bulker company Polaris Shipping has old two more VLOCs as the outfit continues to sell out its older bulker giants.
Demolition source said the company has sold two vessels for demolition either in Pakistan or Bangladesh.
The 305,000-dwt Stellar Queen and Stellar Hermes (both built 1994) has gone for $355 per ldt, or $13.7m.
The company bought the Stellar Hermes from Vela International as a VLCC.
