The New York-quoted company, which is led by chief executive Ola Lorentzon, discussed its ongoing appetite for assets in its third-quarter earnings report.

“After completion of the merger the combined company will be in a position to look for further consolidation opportunities in the dry bulk market,” it told investors Friday.

Knightsbridge also pointed out that it is still in the process of lining up financing for newbuildings it agreed to acquire from Frontline 2012.

“Several