Japanese owner Mitsui OSK Lines (MOL) is understood to have sold a third modern capesize bulker in quick succession.

Sources say the Tsuneishi Cebu-built 180,000-dwt Sampaguita Dream (built 2014) has sold for $28m, which shows a stabilization in values.

Brokers are divided on the buyer of the vessel, with some pointing to the ever-active Winning Shipping. Others suggest the more-low key Chellaram of Hong Kong has picked up the ship.

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