Low-profile shipmanagement outfit Erasmus Shipinvest has made its first known acquisition from the resale market this week by agreeing to buy a Chinese ultramax newbuilding.
The company has paid $28.7 m for the 64,000-dwt bulker at Jiangsu Hantong Ship Heavy Industry Co.
It is understood the vessel is to be named Mandrain Wisdom and will be delivered to the new owner next month.
