US-listed Navios Maritime Holdings has agreed to sell its only handysize vessel amid rising bulker values that also encouraged a smaller Greek peer to make its first ship sale.

Brokers in Athens and the US reported that Navios has sold its 34,700-dwt Navios Serenity (built 2011) to Greek interests for about $10.5m.

Managers at the Angeliki Frangou-led company did not respond to a request for comment.