Japanese Cape Size Bulkers on the S&P market

Japanese-controlled cape-size bulkers entered the sale-and -purchase (S&P) market this week. M/V Bulk Singapore 177,000 DWT (built 2005 from Ce­leste Holding has been inspected by a number of potential buyers.Another Japanese owner, Shunzan Kaiun is understood to have put the M/V Spring Zephyr 180,000 DWT (built 2010) on the sales block. Japanese owners Mitsui OSK Lines (MOL) is seeking a buy­er for M/V Golden Hope 176,000-dwt (built 2009) in today’s poor market.