Shipbrokers say the 74,300-dwt Nereid(built 2001) fetched $10.5m in a transaction that appears to reflect a declinein asset values.

The reported price tag is $2.2m lower than a current market value estimatecalculated by VesselsValue.com and $4m below what one US sale-and-purchase specialistbelieves similar Japanese-built units to be worth today.

By comparison, one Athens-based observernoted the 76,000-dwt Crown Star (built 2002) changed hands for $13.6m