Some supramax owners are taking the opportunity to exit the sector or set fleet renewals in motion as asset prices jump.

Winning Shipping took advantage of rising prices to withdraw from the segment, selling off its only two supramax vessels.

The Singapore-based bulker owner did not respond to a request for comment about reports the company had offloaded the 58,000-dwt sisterships Winning Angel and Winning Bright (both built 2012) for $14.2m