Singapore-based bulk carrier owner Berge Bulk is expanding its fleet of newcastlemaxes, with the purchase of a 15-year-old unit from Japan’s K Line.

The Universal-built 203,000-dwt Cape Rosa (built 2005) has been sold for around $13.5m, TradeWinds understands, which is roughly in line with market expectations.

The ship is due for special survey in June 2022. European shipbrokers say Cape Rosa is on a 10-year timecharter to Japan’s Japan JFE Steel Corp.