Private Chinese secondhand buyers have taken a plunge on relatively young tonnage in two enbloc deals despite the uncertain dry bulk market.
Sale-and-purchase brokers believe the deals show the influence of smaller Chinese leasing houses eager to build a 2020 portfolio and shake off the coronavirus-driven slowdown.
In the capesize sector, Cyprus' Intership Navigation found Chinese buyers for two sisterships, the 177,000-dwt Percival and Lancelot (both built 2010).
