China’s EGPN Bulk Carrier has done what it does best: flipping ships quickly. This time it is pocketing around $8m on a bulker transaction sealed six months ago.

Towards the end of last year EGPN fattened its cape arm， adding a trio of New Times Shipbuilding-built capes built between 2010 and 2011 from Bocimar， named Mineral Destelbergen， Mineral Temse， and Mineral Brugge， spending just under $60m for the trio. One of these ships is now reported sold， the 13-year-old Eastern Windflower formerly called Mineral Destelbergen， noted sold for $28m.

Previously reported flips by the speculative private owner involve both deals in wet and dry.

In the last couple of years， the outfit has pocketed around $14m on flipping two tankers and one bulker. Each individual sale follows a similar pattern. After buying the ships the owner toyed with the ships for some six months before selling them.

EGPN Bulk Carrier first became a shipowner in 2017， initially focusing on bulk carriers before entering the tanker trades.