The KazuhikoYoshida-led company said Tuesday that the vessel is due to be delivered in thefirst quarter of 2015.

HongKong shipowner Pacific Basin has agreed to take the vessel for five years plusoptions to extend the charter period.

Singapore-listed Uni-Asia said it expects tofund the deal by way of internal funding or external debt financing, or acombination of both.

TheJapanese investment fund now has four bulkers on order – two handysize and twosupramaxes – for delivery between 2015 and 2016.

The