Miyazaki Sangyo Kaiun sells newcastlemax to Seacon

Japan’s Miyazaki Sangyo Kaiun has let go of one third of its cape arm, pocketing $14.9 m on the sale of the 15-year-old, 203,212 dwt . Broking sources say China’s fast growing cape player, Seacon Shipping, has sealed its second cape deal since May, bringing its cape arm up to three ships. Miyazaki Sangyo fetched …

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