Claus-Peter Offen could be set to exit the capesize bulker segment.
The Hamburg-based shipowner has put the 179,000-dwt CPO Oceania (built 2010) up for sale, according to brokers.
The DSME-built vessel was scheduled to arrive in Singapore this week for bunkering.
It was one of four sisterships that Offen ordered at the 2008 market peak for just under $100m each.