Greece’s Blue Seas Shipping has made its second ship purchase this year, highlighting the brisk transaction activity for supramax bulkers.

Market sources in Athens identified Blue Seas as behind an $8.5m deal for the 57,000-dwt Watford (built 2010), which has until now been managed by Germany's Orion Bulkers.

The Sigalas family-run company is a specialist of ultramax and supramax vessels.