Greek shipowner Melina Travlos has made her first foray into the ultramax market to bring the size of her dry bulk fleet to four ships, according to market sources.

London-based brokers identified Travlos company Neptune Dry as the buyer of the 61,000-dwt ultramax Loch Nevis (built 2016), reportedly for $24.5m.

Managers at the Piraeus-based company were not immediately available to comment on the information.