Barely six months after its launch as a stand-alone entity, Meadway Bulkers has more than doubled the size of its original fleet with the purchase of another pair of handysizes.

Company managers confirmed to TradeWinds that the George Dellaportas-led outfit has bought the 31,900-dwt Cactus K (built 2011).

Several brokers reported the ship as sold to unidentified Greeks for $16.8m.