Nasdaq-listed bulker owner Pangaea Logistics Solutions has added to its fleet with the acquisition of a Japanese-built Panamax bulker.

Pangaea paid $18.3m for the secondhand ship, which it understands is Kurushima Senpaku’s Robin Wind which was reported sold last week.

Ed Coll, CEO of Pangaea, commented: “This 2013 Toyohashi-built 78,000 DWT dry bulk vessel fits well into our core fleet and is expected to operate alongside the Bulk Pangaea and Bulk PODS in our Jamaican trade. We are happy to take another step in our effort to renew our owned fleet with high quality and efficient tonnage to provide our clients with best-in-class service. This ship, to be named Bulk Promise, will bring our owned fleet to 21 vessels after taking delivery of two ice-class newbuild vessels expected in the second quarter.”