Kawasaki Kisen Kaisha (K Line) has just offloaded its second bulker of the year.
Broker sources tell Splash that the diverse Japanese shipping giant has just sold the 11-year-old Cape Sophia to an unidentified buyer. The 100,000 dwt ship is said to have fetched $6m.
K Line, one of the largest bulker operators in the world, has recently announced plans to cut back its exposure to the sector.
Earlier this year K Line sold a supramax. Plenty more bulkers are expected to be put on sale soon.