Two shipowners listed in Oslo led the way as the most active buyers of second hand tonnage during the first quarter of 2018.

It came during a period which saw Chinese shipowners outspend their Greek counterparts in the dry cargo market.

MPC Container Ships and Kjell Inge Rokke’s Ocean Yield were comfortably the two most active companies during the opening three months of 2018, according to data from VesselsValue.