Norwegian shipowner Axel C Eitzen has changed his mind and will remain a co-owner of his last bulker, a 13-year-old Japanese-built supramax vessel he put up for sale.

TradeWinds reported last month that the Oshima-built 53,000-dwt Sibulk Tradition (built 2008) was close to being sold.

The vessel is the final bulker in the control of the Norwegian owner.

Eitzen had a 75% stake in the vessel which he had acquired for about $12m in October 2015. The vessel was put up for sale in August with a number of potential buyers wanting to inspect.