The shipping group of Nicholas G Moundreas (NGM) has taken delivery of two capesize vessels purchased several weeks ago just as secondhand prices in the sector were about to start accelerating.

NGM Energy managing director Natalia Moundreas confirms her family’s group has acquired the 172,500-dwt Ce-Alliance (renamed Ganbei, built 2001) and the 170,100-dwt Ce-Duke (renamed Win Win, built 2001).

She declined to reveal the price but brokers reported this week the pair went for around $9.5m