Greek handysize bulker owner Dalex Shipping has denied reports connecting it with a move into the supramax market.

It comes as compatriot Diligent Holdings is developing its fledgling presence in the sector.

Brokers are connecting Dalex to the Iwagi built 53,000-dwt Maemi Spirit (built 2008) in an $11m deal.

However, officials at the shipowner say the company has not bought the bulker.