Cido sold five bulkers in the last three weeks, shaving off most of its panamax arm, and a supramax, reports Splash 247.
Signals shrinkingThe 70-ship strong outfit has shown signs that it wants to shrink its exposure to the bulker segment for months.
Its selloff started last summer when it began marketing half its cape fleet, and later selling a 14-year-old cape last autumn. Since then it has been quiet through to this month. Now senior officials have decided that the time is to sell.
Sale...