Bulker operator Western Bulk Chartering has sold a Chinese-built ultramax to Precious Shipping.
The deal was reported by brokers late last week but the Oslo-listed firm told TradeWinds that the deal was concluded this week.
Western Bulk said it had exercised a purchase option on the 63,688-dwt Western Singapore (built 2020), which was owned by Nisshin Shipping of Japan and was on long-term charter to the operator.
