Expanding Greek bulker company DryDel Shipping has joined the selling side of the sale-and-purchase fence for a change, with a deal for a modern ultramax.

The Costas Delaportas-led outfit, previously known as Meadway Shipping, has agreed to part with the 62,600-dwt Velvet (built 2018).

Market sources in Athens say that DryDel has obtained about $36m from Chinese interests for the scrubber-fitted ship, which was built at Oshima Shipbuilding.