Limassol-headquartered dry bulk shipowner SMT Shipping has announced an addition to its fleet with the acquisition of a supramax bulker.
The company has acquired Chinaland Shipping’s 2011-built (Oshima) supramax Sea Etiquette for an undisclosed price. VesselsValue places a fair market value of $18.52m on the ship, which Chinaland paid just $10.5m for in 2020.
The vessel has been delivered to SMT, and renamed Sound Pearl. The acquisition grows the SMT fleet to 35 vessels, of which 11 are supramaxes.