Andrianopoulos family outfit Cape Shipping has returned to the big bulker arena, with a timely purchase that has already appreciated in value.

According to Equasis, the Athens-based company assumed ownership of the 229,500-dwt NSS Honesty (built 2007) earlier this month. Japan’s NS United Kaiun sold the ship to unidentified interests in October last year.

There has been conflicting information about the value of the transaction.