Cyprus-based Castor Maritime has sold its second bulker in two weeks as it starts to cash in on its assets.

The Nasdaq-listed company said the 77,000-dwt panamax Magic Moon (built 2005) has gone to an unnamed owner for $13.95m, confirming a disposal first reported by TradeWinds.

Brokers identified Hong Kong owner KC Maritime as the buyer, but the company told TradeWinds this is incorrect.