The Sheriff of Singapore will sell Diana Shipholding's 52,500-dwt bulker Patriot (built 2004) via a sealed bid auction, with offers due in at the High Court on 28 August.
The owner has no connection to the larger, better-known Diana Shipping.
As a trading vessel, the Tsuneishi-built Patriot has a market value of $10.73m, according to VesselsValue. It is likely to sell for less, as it has been out of service for a year.
