Chinese-built capes find new owners
Four Chinese-built capesize sales have ticked in this month. Two of the ships were sold by Sinokor. The latest sale is the Zhoushan Jinhaiwan-built 176，000 dwt East Trader for close to $19m. The deal follows in the footsteps of a deal last month for a sister ship， the 2009-built West Trader， for a little less.
Another same-aged sale has emerged over the weekend. Belgium’s Bocimar is letting go of Mineral Shougang International， a Dalian Shipbuilding-built bulker sold to undisclosed buyers for just under $23m.
Last week brokers noted two 2016-built capes sold by Sinokor. Splash understands only one of the two sales was finalized. This sale was rare as only a handful capes younger than 10 years old have been sold this year. The Shanghai Waigaoqiao Shipbuilding-built a ship， Comanche， fetched around $44m， a massive leap since the last sister bulker was sold. In June， the one-year-old younger Herun Zhoushan fetched only $41.5m.
Diana Shipping has also sold a rusty bulker from the same yard markings this month’s oldest sale， the 178，00 dwt Boston (built 2007). The first Chinese-built cape sold in October was the Chinese-controlled 2010-built Cape Star， a 175，000 dwt Jiangsu Rongsheng-built bulker sold for some $21m.