In a weekly market briefing Clarksons told clients that the 210,000-dwt newcastlemax is due for delivery in the second-quarter of next year.

The firm’s Greek sale-and-purchase division believes the option was declared late last year but claims the contract didn’t come to light until now.

RGL is the shipping arm of Rui Gang Lian Group, a prominent Chinese iron ore trader that is among the nation’s largest.

The