Nisshin Shipping of Japan may be set to benefit from rising dry cargo values if it completes the sale of one of its kamsarmaxes.

It is said to have offloaded the 82,600-dwt Epson Trader (built 2007) to a Greek owner for $10.8m,  as TradeWinds reported on Friday.

The price would mark healthy bump from the 7.4m to $7.6m Nisshin was said to have secured for this ship in February, a transaction which failed.

However,