Pacific Carriers Ltd (PCL) is rebuilding its presence in the medium-range (MR) tanker sector after making a brief exit from the business.

The Singapore company, better known as a bulker operator, has bought the SPP-built, 51,000-dwt products carrier Box (built 2009) from Alma Maritime for $19.2m.

Chief operating officer Hor Weng Yew, who is senior director of tankers and strategic business development at PCL, confirms the purchase, which was completed in August.