Andreas Sohmen-Pao’s return to the bulker market has continued at pace with BW Dry Cargo picking up its seventh vessel in three months.

It has purchased the 82,700-dwt Nord Navigator (built 2008), BW Group chief executive Carsten Mortensen confirms to TradeWinds.

Price assessments have varied from $11m to $10.5m, with sale and purchase specialists suggesting the midpoint to be the going rate today.

BW