The sale-and-purchase market has seen a flurry of capesize bulker sales due to fears that the prolonged rebound in prices may soon end.

Sales of at least six large bulkers have emerged since 16 October as Sincere Navigation, Oldendorff Carriers and three Japanese shipowners offloaded tonnage.

The deals come after capesize values have steadily increased since June, after plummeting during most of the first half of this year.