Japan-based Nisshin Shipping has entered into an agreement to sell its 2012-built Capesize bulk carrier to Greek shipping firm Capital Maritime and Trading, according to data provided by VesselsValue.

The 180,000dwt Gran Trader, which features a length of 292 meters and a width of 45 meters, was purchased for a price of US$22.5m.

Built by South Korean Sungdong Shipbuilding and Marine Engineering, the bulker has a market value of US$23.6m.

The vessel, which is Capital Maritime and Trading' latest addition, will join the company's fleet of 16 vessels, two of which are bulk carriers.

In September 2016, the company bought another Capesize for a price of US$20.5m. Purchased from German-based ER Shiffahrt, the 2010-built ER Boston was constructed at South Korean Hyundai Heavy Industries.