Unimpressed by lackluster dry bulk markets, Athens-based Erasmus Shipinvest continues piling into handysize bulkers with the purchase of a five-year old pair from Norway’s Kristian Jebsens Rederi.

Opting for such ships in the natural thing for risk-averse owners to do in the current bad market conditions, brokers said.

Several market sources in Greece and the US said John Su-led Erasmus picked up the 35,500-dwt sisterships Swiftnes and Sharpnes (both built 2015) in an en bloc deal for $26m in total.