Beks Ship Management & Trading has bolstered its reputation as one of Europe’s most rapidly expanding shipping companies with yet another secondhand acquisition.

Market sources with direct knowledge of the matter confirm that the Istanbul-based company has bought the 176,800-dwt capesize Santa Lucia (built 2006) for a price between $16m and $16.5m.

The Namura-built vessel had been listed under the ownership of Japan’s Mitsubishi Ore Transport Co (MOT).