Low-profile Greek owner Vrontados Shipping is being linked to the purchase of a modern ultramax bulker controlled by compatriot Equinox Maritime.

Sources claim the Cosco Dalian-built, 61,000-dwt Equinox Melida (built 2016) has changed hands for about $25.5m. A senior Vrontados official declines to comment on the deal.

The Equinox Melida was put up for sale last month, but Equinox director Ghikas Goumas says the ship would only be sold “if we can achieve our target price”.