Shipowning powerhouse Zodiac Maritime has emerged as the undisclosed buyer of a Japanese chemical tanker.

It is the first such acquisition by Zodiac in nearly a decade, despite a substantial exposure to the chemical tanker sector, and its first non-distressed purchase this year.

And the signs are that it plans more acquisitions soon.

Zodiac's purchases in recent years have been of larger tonnage, especially VLCCs, LR2 tankers and capesizes.