Canadian outfit CSL Group has pounced on the Japanese controlled handysize bulker Diana Island, paying Yahata Trader $8.5m for the seven-year-old 28,398 dwt ship.
This is the second handysize bought by CSL this year after the purchase of the 2006-built Cape Knox for $7.4m in April.
CSL has a fleet of seven handysize gearless bulkers operating in dedicated trades on the Great Lakes-St Lawrence Seaway. It also has a number of transhipers and self-unloaders.