The von Appen family controlled Ultranav has let go of its last panamax bulker.
Brokers tell Splash that the 2006-built panamax Elena II has found a buyer willing to pay $8m, $200,000 more than Ultranav got for the two-year-old same sized Loreto which was sold to Greek outfit Omicron in June.
The Chilean company will be left with just four tankers after the sale according to VesselsValue data.