Egypt’s National Navigation Company (NNC) is linked to its second deal in a month. The owner is noted purchasing the Chinese-owned Gia Ambition， an 85，000 dwt bulk carrier built in China two years ago， tabling around $39m for the ship.

The move comes only a month after the Cairo-based owner ordered two similar sized bulkers at Jiangsu Hantong Ship Heavy Industry with delivery in 2026.

NNC’s last move in the secondhand market was in November when it grabbed a newbuilding from Croatia’s Atlantska Plovidba， which is now on the slipway and named Wadi Alarish (pictured). NCC paid $35m for this ship， which is built at the same yard as its newly ordered vessels. NCC owns a fleet of 14 bulkers， all under the Egyptian flag.