Greece’s Moundreas family has acquired its first bulker in 12 months, confirming the growing appetite for such ships in the market amid an upturn in freight rates.

Shipping data platform VesselsValue shows the 180,100-dwt Cape Leonidas (as built 2010) as part of the Moundreas group's fleet.

The entry confirms market talk earlier this month that the ten-year-old ship, built at Daehan Shipbuilding, changed hands for about $18.4m.