Zodiac times newcastlemax sale as buyers stay active across sectors

Zodiac Maritime has caught the market on the front foot with the sale of a newcastlemax bulker, as secondhand deals continue to surface across multiple shipping segments. Brokers say the Eyal Ofer-controlled owner has sold the Cape Merlin to Chinese buyers for about $23.5m. The 206,000 dwt, 2005-built vessel was constructed at Imabari Shipbuilding. The …