Castor Maritime, one of the most active owners in the secondhand market, has acquired another bulker — its ninth this year.

The Cyprus-based company said it paid $18.48m for a Japanese-built panamax built in 2011. The identity of the vessel and its seller were not disclosed.

Greece’s Allied Shipbroking is quoting around $20m for a 10-year-old, 76,000-dwt bulker, according to its most recent market report.