Four big bulkers have been sold for scrap at price levels above $500 per ldt.
Owners of large bulkers are queuing up to sell their vessels for demolition as prices remain firm.
Another four capesizes, including two smaller ships, have been sold for scrap during the past week. Cosco of China has sold its third vessel in two weeks.
The company has reportedly sold the 132,000-dwt Jimrich (built 1982) for reycycling in Bangladesh for $508 per ldt or $8.8m.
The
