First Steamship has acquired a newbuilding kamsarmax bulk carrier to boost its fleet size, the company said.

The Taiwan-listed company bought the vessel, which will be installed with ballast water treatment systems upon delivery in 2020, from Marubeni for $32.6m.

According to VesselsValue, an 80,000-dwt panamax bulker for 2020 delivery is valued at $30.78m.

First Steamship declined to comment further on the transaction.