Allseas has made its first ship sale since Anthony Valmas set up the Greek handysize operator almost 10 years ago.

In an inconspicuous but lucrative deal, the Piraeus-based company sold the 28,500-dwt Allstars (built 2000) to Chinese buyers for $4.5m, Greek brokers reported.

Valmas, who did not respond to a request for comment, bought the Imabari Shipbuilding-constructed vessel in December 2016 for just $3.15m