China’s Herun Group has sold a capesize to Alpha Bulkers of Greece for almost as much as it paid to order the vessel 11 years ago.

The Chinese multi-sector group paid $54m in 2013 when it ordered the 181,100-dwt Herun Global (built 2016) at Shanghai Waigaoqiao Shipbuilding in China as part of a four-vessel capesize order.

Market sources told TradeWinds it has been sold for $49.5m