Brokers link Tan Binh Shipping to the purchase of the Japanese-controlled, 32,000 dwt Karine Bulker, its second handy acquisition of the year.
Tan Binh, which focuses on Japanese tonnage, was the most active Vietnamese buyer last year, taking on a steady stream of six elderly ships, including one bulker even bought without inspection.
Its only reported purchase this year was in March, when it snapped up the similar sized Angel Jupiter this ship now renamed Tan Binh 234 and flagged domestically.
Haiphong based Tan Binh was established in 1998 and became one of the first private Vietnamese lines to operate internationally. The handy specialist boasts a fleet just under 20 ships.