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]

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