Taiwan-based Dry cargo specialist Hsin Chien Marine is selling one of its older panamax sized vessels.

Several brokers report that the 76,000dwt New Agility, built in 2001, has been sold to South Korea's Pan Ocean for a firm price of US$6.8m.

A company official denied that the ship has been sold to Pan Ocean, saying that the company was still in negotations to offload the Imabari-built ship.

This is not the first time the vessel has been laid out for sale. The vessel was reported sold for close to $13m in April 2014.

Earlier this summer the same company was reported selling another elderly Japanese build handymax sized ship.

Hsin Chien Marine, which is operated by the Hsu family who run Courage Marine, operates one of the largest fleet of bulk carriers in Taiwan.

The fleet list contains close to 40 ships including newbuilds with an average age of under 10 years.