Low-profile Turkish owner Gokhan Ozcan is about to double his investment in a handysize bulker in less than a year.

Ozcan has agreed to sell the 32,500-dwt MS Charm (built 2010) to Greek owners for $12.5m, according to brokers and ship-management sources in London and Istanbul.

The former chartering broker bought the Chinese-built vessel from Turkish peers in October for $6.5m.