Chinese buyers snap up capesizes

AI Summary

Chinese buyers are acquiring additional capesize bulk carriers, adding to activity in the dry bulk vessel market. Estonian company Klip Marine is reportedly selling the 2012-built Ekaterini V to Chinese buyers as it exits the segment.

While tankers have dominated headlines in October, Chinese buyers are quietly putting money on the table for more capesize tonnage, emerging behind some of the dry bulk market’s most eye-catching deals. Estonian outfit Klip Marine is reportedly exiting the segment by selling the Ekaterini V (173,555 dwt, built 2012 at Bohai Shipbuilding) to Chinese buyers …