Low-profile Greek owner Titan Maritime has sold its only bulker built before 2000.

Sources say the 45,000-dwt Aeolos (built 1997) has been sold on subjects to an undisclosed buyer for $5m. The price is in line with expectations.

The Hashihama-built ship is not due for special survey until June 2020. The scrap value of the ship is less than $3m.