Cido makes rare cape sale

Hong Kong-based Cido Shipping has showed signs that it wants to shrink its exposure to the cape segment for months, marketing half its cape fleet in the form of two Universal constructed vessels. This week sources tell Splash, 75-ship strong Cido has sold the 14-year-old 176,300 dwt  for $12.5m. The last similar cape sale was sealed at the end …

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