While the German trader has been increasingly active in the period market in recent years it has, for the most part, managed to maintain a relatively low profile.

Industry observers note this may be challenging going forward since the transaction with Knightsbridge has ignited renewed interest in the firm and its plans for the future.

They claim deal, the likes of which has not been seen in some time, is already fuelling questions about whether RWE’s appetite for capesize tonnage has been satiated.

Reputable