The company, which also offers agency, brokering and chartering services, said it will focus more on its shipowning operations in future.

It currently has a 53,000-dwt bulker built in 2005, another built in 2001 of 49,000 dwt and a 2,760-lame-metre ro-ro dating from 1988.

Arcadia said it has been inspecting modern geared handysizes of between 40,000 dwt and 45,000 dwt, plus 1,700-teu to 2,500-teu container vessels and aframaxes of around 90,000 dwt to 95,000 dwt.

Brokers