Norwegian asset play venture Songa Bulk is set to switch back to its buying cap after selling one of its supramaxes earlier this week.

Talk in shipbroking circles is that Oslo-listed Songa is closing in on the 181,300-dwt Cape Claudine (built 2011).

A price of around $31m is said to be under negotiation for the STX-built bulker, which is presently in the fleet of Stamatis Molaris-led Empire Bulkers.