Greece's AM Nomikos has resold most of the seven bulkers it picked up last year from the former fleet of defunct MEP.

The 32,000-dwt Olympia IV (built 2008) has found a buyer at a price around $10m, market sources tell TradeWinds. European brokers say the vessel was sold in the "high 9s".

AM Nomikos declines to comment, in line with company policy.