A conspicuously large number of Greek owners are said to be selling supramaxes and ultramaxes between five and 10 years old, in a flurry of deals that go hand in hand with upbeat developments in the freight market.

Supramaxes have been the best-performing bulker type year-on-year, according to some indicators. The Baltic Supramax Index (BSI) climbed for nine consecutive sessions through to 15 February to stand 85% above their same-date level in 2021.

It is not perhaps surprising, therefore, to see an unusually large share of supramax deals populating broker reports.