Meadway Bulkers, a company set up about three months ago, has made moves to almost double the size of its original, six-vessel fleet.
A company executive said the George Dellaportas-led outfit has bought five ships since its launch, bringing the total fleet to 11 vessels.
TradeWinds reported in May that Meadway had made its first purchase with a deal for the 78,100-dwt Nord Sirius (built 2012) for about $19.5m.
