Greece’s Union Commercial has dismissed reports about its clients shedding a modern supramax, saying the vessel is not even up for sale.

TradeWinds reported in today’s print edition about market sources claiming that the IHI-built, 56,000-dwt Union Erwin(built 2011) had gone for $13.2m to Cleaves Marine in Oslo.

However, Union Commercial’s managing director Michael Scufalos said this information is inaccurate.