The shipowning arm of state-owned and Shanghai-listed Xiamen ITG Group has snapped up two modern kamsarmaxes, broker sources tell Splash.
ITG Xiamen is the taker of two Namura-built 81,361 dwt bulkers, named Xing Huan Hai and Xing Le Hai, sold for a firm $26m each.
The ships will join a string of other ships, mostly panamax-sized bulkers, in the ITG fleet.
The kamsarmaxes were sold by another Chinese outfit, 18-ship strong bulker player, Fortune Ocean Shipping.
