The last time handysize bulkers had such a good market, the 34,600-dwt Malen (built 2011) did not even exist.
As freight rates for such ships now reach an 11-year high, the vessel is bringing Greek shipowner Kristen Marine a juicy $7m profit.
According to US brokers, the Constantinos Krontiras-controlled outfit has agreed to sell the Malen to unidentified Chinese interests for $14.2m.
