Dry Cargo

Capes trade hands rapidly

Ten capesizes have changed hands in the first weeks of 2021, a very active start to the year in a sector that has shown plenty of volatility recently.

A Chinese owner has sold the eight-year, Rongsheng-built, Han Fu Star. Brokers note that the 176,000 dwt sized bulker fetched $18.3m. Greek owner Nicholas G Moundreas-led NGM Energy has been tied to this latest cape transaction. Moundreas is also being tipped as the buyer of the Taiwanese-built Cape Mars.

More deals are expected to be signed in the days to come. One ship gaining attention is Doun Kisen’s 2012-built, 180,000 dwt, Pacific Canopus. The market value for the Dalian-built ship is around $19m and bids are being lodged today.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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