China Steel Express scrapping capesize bulk carriers

CSE (China Steel Express) sold two capesize bulk carriers for scrap 154K M/V China Steel Investor built 1997 and M/V China Steel Developer built 1998 for $5.9m each. Both capesize bulk carriers were serving China Steel Express since they were new built. It seems that soon Taiwan China Steel Express will scrap 154K M/V China Steel Trader built 1997. 96 capesize bulk carriers scrapped in 2015 and so far 34 capesize bulk carriers scrapped in 2016.