A 17-year-old panamax bulker managed by London-based Greek shipping company Diamantis Lemos Ltd will go under the hammer next month to pay off debt to Japanese investor Orix Group, court documents show.

The 74,800-dwt Angelic Grace (built 2001), the second-oldest vessel in Diamantis Lemos’ nine-ship fleet, is scheduled to be auctioned online in Piraeus on 3 October.

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The reserve price is $5.5m,