A 13-year-old suezmax was successfully auctioned by Namibia’s High Court on Thursday.
Ten bidders registered to take part in the online auction of the 158,000-dwt Marvin Star (built 2009), according to an official at Solution Strategists, the South African auction firm arranging the sale.
The preferred bidder, who remains undisclosed, offered $26.4m.
That may seem low when compared with an estimate by VesselsValue that the South Korean-built ship is worth about $30m at the moment.
