BW Dry Cargo has concluded another successful asset play deal by selling a kamsarmax bulker it purchased in July 2016.

US brokers said the BW Group-controlled shipowner has sold the 81,000-dwt BW Canola (built 2014) to an undisclosed buyer for $24m.

BW Dry Cargo purchased the Oshima Shipbuilding-constructed ship for just $17.7m.