The trader has taken the 171,900-dwt CIC Pride (built 2002) over 10 to 15 months, the Baltic Exchange reports.

A rate of $10,000 daily has been placed on the deal, almost double the $5,700 daily available on the spot market right now.

The vessel is one of 16 capesizes in the fleet of the Greek owner.

It has 34 bulkers in total, worth a collective $954m, according to VesselsValue.com.