The ship has gone to Bangladesh for $265 per ldt, or $6m and is the third capesize the Eyal Ofer company has sold for demolition this year. Last week, it sold the 185,000-dwt Newforest (built 1996) for scrap and has also disposed of the 264,000-dwt Wugang Asia (built 1992). The company still has 10 capesizes built before 2000.

Zodiac is modernising its large-bulker fleet and in November bought six new capesizes from Scorpio Bulkers for a total of $227m, plus other modern secondhand capesizes last year.

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