A reputable marketsource tell TradeWinds that the company is in the process of parting with the 24,100-dwtFree Knight(built 1998) after firming up the terms of a deal that started to take shapelast month.
The contact claimsthe vessel fetched approximately $3.6m, which is nearly $2m less than whatbulkers of a similar make and model year are commanding in the second-handmarket but $1m above what one brokerage believes its current value to be in thedemolition arena.
