Brokers say the Seoul-based shipowner is in the process of purchasing the 170,000-dwtRubin Hope (built 1999) from affiliates of Japan’s Mitsui OSK Lines for around $15.3m but note the deal is still on subjects.

Many believe the proposed price tag represents a discount when compared to current market levels with estimates as high as $19m while others, like VesselsValue.com, claim the cape is worth roughly $16.1m