Miyazaki Sangyo sells another cape

Japan’s Miyazaki Sangyo Kaiun has let go of two-thirds of its cape arm in less than a month. At the end of July Splash reported that the diverse owner sold the 15-year-old, 203,212 dwt Pacific Oak to China’s fast growing cape player, Seacon Shipping. Now broker sources tell Splash that its second to last cape …

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