Polaris Shipping has sold another large bulker for scrap.
Demolition brokers said the South Korean company has sold the 242,000-dwt Stellar Neptune (built 1993) "as is" in Labuan, Malaysia. The ship has fetched $422 per ldt, or $16.9m.
Bunkers are understood to be included for its voyage to its final destination.
Polaris bought the vessel in 2012 from Vale for an undisclosed price.
