Pacific International Lines (PIL) of Singapore is selling a second modern capesize bulker at a price that indicates a fall in values. 

Sources say the Dalian-built, 180,000-dwt Pacific Canopus (built 2012) has been sold for $26m. In March, a sistership Pacific Capella (built 2012) was sold to JP Morgan for $28m.

The Pacific Canopus is on a time charter to Koch until March 2018 at $12,000 per day.