Greece's New Shipping has emerged as the new owner of a 15-year old newcastlemax that changed hands late last year, when dry bulk markets were nt quite as bleak as they are today.

The 203,100-dwt Azul Fortuna (built 2005) joined the company’s fleet at the end of March under its new name, Captain Leonidas, data on Equasis shows.

Japan’s Kotobuki Kaiun was reported to have sold the ship in late November to Zodiac Maritime for $15.8m.