Genco Shipping & Trading is reported to have sold a 16-year-old capesize bulker in an active sale-and-purchase market, which one broking house described as offering buyers their pick of a rich harvest of secondhand vessels.
The 169,000-dwt Genco Hadrian (built 2008) fetched $25m, brokers in the US and UK reported.
The figure reflects a market in which capesizes of this vintage hold much of the value gains seen in the first half of the year.
