Chinese selling capes

Chinese owners are selling capes. March was an active month for Chinese accounts, with a string of prominent players tapping into the ongoing upturn for cape prices.

Owners deciding to let go include Hong Kong cape specialist Peter Mok, and his Vision Ship Management, who has let go of one of his three remaining Chinese-built capes, the 2009-built, 180,300 dwt Xin Jin Hai for $23m.

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