Transmed has bought a third Noble Group vessel in quick succession to complete the Singapore-listed company’s sale of four kamsarmaxes.

The latest bulker picked up by the Greek shipowner is the 81,6000-dwt Ocean Ambition (built 2014).

A price of $23.41m has been paid for the ship, which Noble will take back on time charter.

Proceeds from the sale after the repayment of debt will run to $8.2m, Noble told its investors.

The company had looked to sell its four kamsarmaxes en bloc last year and the sale of the Ocean Ambition means each of the ships has now been disposed on in individual deals.

Transmed has bought three, with Primerose Shipping of Greece taking the 82,000-dwt Ocean Integrity (built 2015).

Noble will have a fleet of 14 owned bulkers following the latest deal.

The transaction comes on the same day as Noble has secured $100m in trade finance facilities from a group of investors who have also agreed to back its restructuring.

According to Clarksons, Transmed has a fleet of 25 bulkers on the water, with two more on order in Japan for delivery next year.