Monaco's Transocean Maritime Agencies has sold a supramax bulker for about 70% more than it paid for it in April 2016.

European and US shipbrokers said the 58,000-dwt Angel B (built 2008) was sold for some $14.15m, beating expectations.

The Tsuneishi Heavy Industries Cebu-built ship was put up for sale last month, when brokers expected it would fetch between $12.5m