On Wednesday the sale-and-purchase market was rife with speculation that the 171,100-dwt Rubin Phoenix (built 1997) commanded $395 per ldt.

If the price tag is accurate the vessel’s owner, an affiliate of diversified Japanese operator Mitsui OSK Lines, is poised to pocket nearly $8m.

According to the VesselsValue.com portal, which believes this represents a discount of roughly $1m, the cape will likely be torched in Alang.

Late