Earlier in the day, at least two Greeksale-and-purchase brokers reported that the 170,100-dwtCapeProvidence (built 2010) was sold to Cargill for $38m.

Several hours later a spokesman for Activetold TradeWinds that it has no intention of offloading the unit, which is ontime charter to Global Maritime Investments.

Observers say they are not surprised thatthe reports turned out to be false since the price tag appeared to be far toolow for a vessel built by Daehan Shipbuilding of South Korea.

They