A further firming of bulker values is expected with the sale of a Nisshin Shipping panamax.
The Japanese-owner is rumoured to have sold the 82,000-dwt Billion Trader II (built 2007) at a price of between $12m and $12.5m.
A number of prominent Greek owners inspected the ship, but rumours linking it with Ismini Panayotides-led Pavimar are incorrect, market sources say.
