Greater China
Cape resale bargain
Shanghai: Resales of capesizes continue to track down in price with Berge Bulk believed to be behind the purchase of a 176,000 dwt ship built at Jinhai Heavy Industry. Turkey’s Geden Lines paid $75m for the ship back in 2010, but Berge Bulk is believed to have paid around $33m for the vessel for the ship this week. [07/11/12]