Thenamaris, a Greek shipping giant known for making shrewd moves in the secondhand market, has sold its oldest ultramax to a shipowning entity connected to Shanghai-based Forecastle Shipping.

Brokers widely reported over the past week that the 55,400-dwt bulker Seaboss (built 2004) went to undisclosed Vietnamese interests for $11.7m on a prompt delivery basis.

However, S&P Global’s International Ships Register this week showed the vessel as joining the Forecastle fleet under the name Rugulus I, with single-ship vehicle Boarding Shipping listed as its registered owner.