German bulker owner H Vogemann is selling a modern panamax, brokers say.
The 79,000-dwt Voge Enterprise (built 2011) is reported to have fetched $14.9m.
The price is below the $16.7m VesselsValue says the ship is worth.
Vogemann did not respond to requests for comment at the time of writing.
Voge Enterprise was among three Vogemann bulkers where the loans exceeded their values.