Evangelos Marinakis-led Capital Maritime & Trading Corp has logged a whopping 50% profit on a capesize bulker it bought in November last year.

 The Sungdong Shipbuilding & Marine Engineering-built, 178,000-dwt Aristofanis (built 2011) has been sold to Angeliki Frangou-led Navios Maritime Partners for $31.1m. 

The US-listed outfit said this week that it had bought a six-year-old capesize at this price but it did not identify the ship.