Denmark's Celsius Shipping has again shown its nose for timing by selling another of the 12 ultramax bulkers that the company bought on the bottom of the market in 2016.

Brokers in the US said the shipowner sold the 63,000-dwt GH Seabird (built 2016) for $21.5m.

Company chairman Jeppe Jensen confirmed that the vessel has been sold, but he declined to comment on the identity of the buyer.