International Shipping & Logistics (ISL) is in the process of selling its panamax bulker ISL Star (built 1999) for recycling.
The Dubai-based shipping arm of India's Tata Group said that indications in recent broking reports that the 74,500-dwt vessel was sold for $525 per ldt, or $5.34m, are premature as although discussions are underway, no deal has been concluded yet.
