Singapore's Wilmar Ship Holdings has paid a bargain price for two kamsarmax bulkers — but it may have bought itself some trouble. The ships are the centrepiece of a bitter legal fight between two Hong Kong-based Chinese shipowners.

Wilmar acquired the 82,100-dwt BBG Glory and 82,000-dwt BBG Hope (both built 2013) last week for a price variously reported at $29m or $30m.