Russia's Murmansk Shipping Company (MSCO) plans to buy three bulkers before the end of the year after confirming the first addition to its fleet in a decade.

The 33,300-dwt bulker Vsevolod Beletskiy (built 2010) was acquired from Oldendorff. It will be used for overseas trade.

The ship was one of two sold by the German owner for a reported $5.5m each.