Offers are due on Friday or Monday for the 177,000-dwt Bulk Singapore (built 2005), brokers say. Singapore’s Winning Shipping is said to be among the contenders for the Namura-built ship.

Likely $10m upper limit

The last capesize in this age bracket sold was the Universal-built, 176,000-dwt Nord Power (renamed Maritime Power), which sources say was picked up last month by Greece’s Phoenix Energy Navigation for some $12m.