Eastern Pacific Shipping (EPS) has acquired two Chinese-built ore carriers from Cara Shipping as it continues to focus on large bulkers for its dry bulk fleet.

The transaction means the Singapore shipowner has purchased five sizeable ships from the secondhand market since July 2020.

Shipping sources in Singapore said the Idan Ofer-controlled company has bought the 250,000-dwt Stella Ivy (built 2015) and Stella Bella (built 2016).