Greek shipowner Phoenix Energy Navigation has sold its oldest ship.
European brokers said the 176,000-dwt Maritime Power (built 2005) has been divested to another Greek owner for $13.5m.
The price is largely in line with expectations and shows how ships from top-class Japanese yards have maintained their value in a difficult market.
Phoenix could not be reached for comment on the sale of the Universal Shipbuilding-constructed bulker.
