NJ Goulandris company Hydroussa Navigation has reportedly sold one of its kamsarmax bulkers into a rising sale-and-purchase market for such tonnage.

The shipowner has sold 82,000-dwt Magica G (built 2012) to undisclosed Greek buyers for $16m, said shipbrokers in Greece and the US.

Some brokers identified Greece's Moderna Marine Management as the vessel's buyer.