The Angelicoussis Group has cashed in a capesize vessel in a deal that shows nearly 19-year-old ships are not being left behind in a rising sale-and-purchase market for bulkers.

The reported sale of the 174,000-dwt Maran Prosperity (built 2006) comes as the Baltic Exchange’s market barometer of capesize bulker values hits its highest level since July 2010.

Several shipbroking houses in the UK and Greece reported that the ship, which was constructed at China’s Shanghai Waigaoqiao Shipbuilding, has changed hands for $21.5m.