Two capesize bulkers have headed for demolition in the past week, with Eyal Ofer’s Zodiac Maritime and South Korean owner Pan Ocean sending vessels to the torch.

While this marks an increase in capesize scrapping after a slack third quarter, experts say it does not yet mark the start of a trend for rising activity.

Zodiac Maritime has sent the 170,000-dwt Snowdon (built 1998) to Bangladesh for $313 per ldt, or $6.9m,