Greek shipowner Astra Shipmanagement appears to have concluded a successful asset play by selling a vintage supramax for nearly three times as much as the company paid for the ship in 2016.

European and US brokers said the 50,296-dwt bulker Alithini (built 2001) was sold to an undisclosed buyer for $8.4m to $8.5m.

Astra's Stefanos Koropoulis said: “We confirm [the] vessel is committed to Chinese buyers at mid-$8m.”