Six months after acquiring its first tanker, bulker player OceanPal may be exiting the capesize sector.

US brokers report that the Athens-based company has obtained $16.2m from Chinese interests for the 171,800-dwt, Daewoo-built Salt Lake City (built 2005).

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This is one of three bulkers OceanPal started life with in October 2021 as a Diana Shipping spin-off.