John Angelicoussis-led Maran Dry Management appears to be continuing a bulker buying spree with a resale deal.

Shipping industry sources said the Greek shipping company has purchased a210,000-dwt newcastlemax bulker newbuilding at China’s Shanghai Waigaoqiao Shipbuilding (SWS) that is due for prompt delivery.

The sources said Maran has splashed out $53m to acquire the newbuilding ordered by Sinokor Merchant Marine.