Dia Yuan International Shipping of China has sold an elderly panamax bulk carrier for recycling in Bangladesh.
The 70,300-dwt bulker Rong Yuan (built 1997) is one of four Chinese-controlled panamaxes reported as being sold for scrap over the past week.
The vessel was named by Singapore-based cash buyer Wirana in its latest market report as being sold for $460 per ldt, or $4.2m
