Arne Blystad’s Songa Bulk is closing in on the addition of another panamax bulker to continue the growth of its fleet.

Market sources say Songa is buying the 82,600-dwt BW Grain (built 2008) from BW Dry Cargo.

A price in excess of $14m is being circulated in the market for what would be the sixth vessel bought by Songa Bulk since its launch in the second half of 2016.