Onassis company Olympic Shipping and Management has taken advantage of rising asset values in deals that will shrink its bulker fleet.

Market and broking sources in Athens, London and the US said the company has agreed to sell three supramaxes to members of the Constantakopoulos family.

The 56,700-dwt Olympic Pegasus (built 2011) is said to have fetched $15m, while the 55,700-dwt sisterships Olympic Peace and Olympic Pride (both built 2006) were sold to the same buyers in a separate deal for $25.5m