Greek shipowner OceanPal has struck a deal to sell its oldest bulk carrier.

The Nasdaq-listed company is shipping out the 2004-built panamax Protefs to an unnamed buyer for $7m before commissions.

The Jiangnan Shanghai Changxing-built 73,600 dwt unit should change hands by June 17.

Earlier this year, OceanPal sold the 2005-built 171,800 dwt Salt Lake City for $16.1m, marking the exit from the capesize segment.

Once the latest deal is closed, the Semiramis Paliou-backed outfit will own two 2005-built panamax bulkers and an MR2 tanker built in 2009.