The 63,300-dwt ultramax Kennadi (built 2016) has been circulated for sale immediately after coming out of New Yangzijiang Shipbuilding, according to market sources. Potential buyers could inspect the vessel in Singapore earlier this week, brokers add.

The Kennadi is the first in a series of four ultramaxes the Chinese yard is scheduled to deliver to Athens-based Star Bulk between January and April this year.