Dubai's Tomini Shipping has got its hands on a delayed bulker newbuilding and acquired a secondhand ultramax.
The company said it has taken delivery of the 82,000-dwt kamsarmax Tomini Nobility from China's Taizhou Kouan Shipbuilding.
And Tomini, which listed on the Norwegian over the counter market in February, added it has bought the 60,220-dwt Tomini Integrity (built 2016).
This is the former Bulk Aries, previously owned by Asa Capital Singapore.
VesselsValue said the ship had changed hands for $19.7m, against the valuation platform's price assessment of $18.76m.
Clarksons had previously listed the bulker as idle.
Confident of prospects
"These additions to the fleet are testament to our confidence in the long-term prospects for the dry bulk market; we are committed to growing a diverse fleet to meet global transportation needs," said chief executive Nitin Mehta.
The secondhand deal brings Tomini's fleet to 16 ships, including newbuildings.
In June, TradeWinds reported that cash-strapped Taizhou Kouan had failed to deliver Tomini Nobility on time and was having to renegotiate its price.
One source said the Jiangsu-based yard had completed a sea trial, but was hit by the Covid-19 pandemic which caused cash-flow problems that had stalled production.
Tomini Nobility is one of three kamsarmaxes Tomini booked in 2017 at a reported price of $24m each.
Taizhou Kouan was originally scheduled to deliver the vessels from early this year. Clarksons now lists ships two and three in the series as due next year.
Tomini has been contacted for further information on the schedule.
In July, Tomini bought a supramax bulker from Trader Maritime of Greece, using what Mehta described as "some money lying around".
The ship in question was the 57,000-dwt Bravo V (built 2010). Market sources suggested Tomini paid about $6.5m.
