GoodBulk sold one of the older capesizes in its fleet at a substantial profit in a move that helps replenish its fleet.

The Monaco-based company sold the 171,014-dwt Aquabeauty (built 2003) to unidentified Greek buyers for $15m, it said in a statement.

The Sasebo-built vessel came into the GoodBulk fleet through a $10m acquisition last May.