Capesizes became hot property in October in line with rates topping $30,000 a day and the impossibility of getting prompt deliveries from yards in Asia for the largest bulk carriers.

In a sign of a market clearly heating up Chinese-built tonnage is now being sold at the same level as Japanese-built tonnage was sold at the beginning of the month.

The cape deal of the month was completed by Greek owner Alassia Newships, selling the 12-year-old 177,000 dwt Cymona Iron, a s...