Brokers said that India's Great Eastern has snapped up the seven-year-old 179,000dwt Hanjin Cape Lambert.

The ship has not been on the market for a long time but still fetched a solid US$19.5m despite a recent dip in the Baltic cape index. The sale showed that modern capesizes continue to attract attention, notes one broker. VesselsValue.com prices the Hyundai Heavy Industries built bulker at US$18.21m. The acquisition doubles Great Eastern's cape fleet having bought the 179,000dwt Cape Althea from Japan's K Line in June.