A rare newcomer to the Norwegian shipping community, Sterling Shipping, has bought its first vessel, a 2013-built kamsarmax bulker from BW Dry Cargo, and is looking to buy more.

The deal was concluded last October, but details of who the buyer is have only now emerged.

Two 32-year-old Norwegians, Christopher Fjeld and Markus Reitan, are behind the company and are both based in Malta.