Oceanbulk Group, the privately-held outfit of Greece’s Petros Pappas, has made its first ship sale in nearly three years.

The 207,600-dwt Conrad (built 2017), one of three newcastlemaxes listed under Oceanbulk, will soon join the fleet of US investment bank JP Morgan.

“Adding this modern, scrubber-fitted vessel to our fleet further expands our commitment to our clients in this sector,” Andrian Dacy, global head of transportation at JP Morgan Asset Management, told TradeWinds in an email.