Norway's Vincent Shipping is boosting its fleet by taking four modern bulkers on long-term charter.
The deals for the ships, which are owned by Japan's Nisshin Shipping, include purchase options.
Brokers said the Oslo-based bulker owner fixed the ships in off-market deals.
Vincent Shipping was set up in 2016, originally targeting the supramax segment, where it owns three vessels.
TradeWinds understands that the Nisshin ships include three kamsarmaxes: the 81,000-dwt Vincent Trader (built 2019), and Vincent Talisman and Vincent Triton (both built 2020).