Japanese shipping company United Ocean Group has entered into an agreement to sell its Panamax bulk carrier United Prestige for US$21.2m, according to VesselsValue.

The 81,900dwt bulker, with a market value of US$20.4m, was bought by Greece-based shipowner Alassia Newships Management.

United Prestige will become a part of Alassia Newships Management's fleet of 9 bulk carriers, ranging from 28,000dwt to 87,000dwt.

The 229-meter-long vessel was constructed in 2014 by Japan's shipyard Tsuneishi Zosen.