Greek tanker and bulker owner Arcadia Shipmanagement is set to conduct its first move this year in the sale-and-purchase market.

US brokers claim the company is aiming to dispose of the 106,000-dwt Aegean Faith (built 2003).

The ship, which is not due for special survey until February 2023, has reportedly gone for a higher-than-expected $13m.

Valuation platform VesselsValue estimates that a ship with the characteristics of the Hyundai Heavy Industries-built Aegean Faith is worth just $11.1m,