Japan's Kambara Kisen is shedding dry bulk tonnage fast. The owner, which also controls Tsuneishi Shipbuilding, has just completed the sale of its fourth bulker within a month.
The 82,500dwt Tsuneishi Zhoushan built FD Isabella has fetched US$9m. It is believed to have been sold to Chinese interests, with some brokers speculating that the state-run maritime conglomerate Beibu Gulf is behind the acquisition.
Kambara Kisen has sold an identical ship as well as a couple of supramaxes in the past four weeks.