It has takenthe 180,643 dwt Trinity Star(built 2011) on a five year deal, the Baltic Exchange reports.

A rate of$25,250 daily has been placed on the charter, according to the Baltic.

The deal comesduring a week in which capesize spot rates have continued to struggle.

Capesizes arecommanding only $9,000 daily on the spot market today.

The TrinityStar is owned by Nissen Kaiun of Japan, which has over 50 bulkers inthe water.