Brazilian miner Vale is set to sell a capesize bulker and is inviting offers for the ship, TradeWinds has learned.
The 169,100-dwt Ore Guaiba (built 1999) could likely fetch around $10m, brokers said.
The South Korean-built cape was purchased from Sincere Navigation for $36m in May 2009.
VesselsValue.com estimates the 20-year-old ship is today worth $9.57m, the same as its potential demolition value.
