“This 2013 Toyohashi-built 78,000 dwt dry bulk vessel fits well into our core fleet and is expected to operate alongside the Bulk Pangaea and Bulk PODS in our Jamaican trade. We are happy to take another step in our effort to renew our owned fleet with high quality and efficient tonnage to provide our clients with best-in-class service," said Ed Coll, CEO of Pangaea.

The secondhand ship, which Splash understands is Kurushima Senpaku's Robin Wind, was announced sold last week and Pangaea paid $18.3 million for it.

Pangaea added a Japanese ultramax bulker to its fleet last month, paying $16.45 million for OMC Shipping's Orient Amabie, which was built in 2013.

Two newbuild post-panamaxes are also due to arrive soon from CSSC Guangzhou Longxue in China.

Maritime Business World