Some 10 capesizes are being mentioned for disposal and are a various stages in the process, cash buyer GMS said in its weekly report.
“Amidst dire rates and a bloated orderbook the writing has been on the wall for this particular segment for some time now,” the report said.
GMS and shipbroking sources say Meandros Lines has sent the 149,000-dwt Coppersmith (built 1995) for scrap at Pakistan.
