SwissMarine has sold its fifth capesize bulker in quick succession in a deal that offers another positive price indicator in the market.

TradeWinds reported earlier this month the company was looking to sell the 182,600-dwt Choully (built 2016).

It has now successfully offloaded the ship, chief executive Peter Weernink confirms.

A figure of $45m is believed to have been secured for the Japan Marine United built bulker.