Greek owner Samos Steamship looks to have doubled its money on a capesize bulker bought less than two years ago.
Samos has sold the 177,500-dwt Kerkis (built 2006) for $22.5m, shipbrokers report, with some suggesting H Line to be the buyer.
Samos bought the ship in February 2016, with dry cargo rates at lows not seen since the 1980s, for $11.7m.