South Korea’s Pan Ocean is being tied to a second big-ticket newcastlemax bulk carrier buy as the ink dries on a similar acquisition last week.

US brokers report that the major shipowner is spending $70m on the 208,600-dwt Mineral Hiroshige (built 2019).

The vessel’s current owner, Shoei Kisen, will deliver the Imabari-built bulker in December after it passes its first special survey.