CarVal Investors, LLC, an investment arm of Cargill, has sold its newbuilding Capesize bulk carrier for a total consideration of US$32.5m, according to data released by VesselsValue.

The 180,000dwt ship, named Mustang, was purchased by Greece-based shipowner Chartworld Shipping Corporation.

Featuring 93,960 gross tons, the vessel is currently under construction at Chinese yard New Times Shipbuilding and it is scheduled for delivery during the year.

Mustang will join Chartworld's fleet of 64 vessels covering the dry bulk, tanker, reefer and container sectors.