Orient Steamship gets handymax

The Hong Kong based Orient Steamship is expanding its fleet of large dry cargo ships with a $29 million deal for a 55,000DWT bulk carrier. Sources said the firm tied up the ship under a resale agreement with Jiangsu Ocean Shipping (Josco) which had ordered the vessel last year from Nantong Cosco KHI Engineering (Nacks) in China.

The handymax newbuilding is due to be delivered next year when it will be put out on long-term charter.