Chinese domestic owner CSC Phoenix has acquired two secondhand bulk carriers, having announced plans to do so in March.
The company has acquired the 2002-built handymax bulker Astra from Norwegian owner Jupiter Bulker, while in a separate deal it has bought the 2002-built supramax bulker Ocean Treasure from Ukraine’s Kaalbye Shipping.
The vessels are expected to be delivered to the company before June 20. Total price for the two vessels is $16.85m.
CSC Phoenix reported a risk of capacity shortage in April and it expects the two vessels to increase profitability for the company.