Niovis Shipping of Greece has denied reports it has disposed of a 10-year-old supramax bulker.

US brokers say the company has disposed of its 55,000-dwt Oxygen (built 2009), with the Mitsui Engineering & Shipbuilding-constructed ship understood to have gone for $13.5m.

That is below VesselsValue's $12.9m estimate for a vessel of Oxygen's characteristics, but within Maritime Strategies International's range of $12.2m