India's Seven Islands Shipping will take its investment in second-hand tonnage to $56.5m as it acquires its sixth and seventh ships in less than a year.
The company, backed by Canadian billionaire Prem Watsa's Fairfax group, has been snapping up vessels from well-known owners as it seeks to reach 19 vessels.
It is known to have snapped up the 47,000-dwt Torm Amazon (built 2002) for $8.5m
