The wave of old Greek capesize sales continues at a brisk pace with US-listed shipping behemoth Star Bulk Carriers announcing the sale of its oldest vessel on Monday.

The scrubber-fitted, 176,300-dwt Star Triumph (built 2004) fetched a gross of $20m, the Petros Pappas-led company said in a statement.

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After debt repayment on the vessel, Star Bulk expects to book a net gain of $7.7m