Oman Shipping Co (OSC) is moving swiftly to build up its presence in the ultramax bulker sector with brokers reporting this week that it has bought two more secondhand ships.

The company is said to have paid $18m each for Nisshin Shipping’s 63,500-dwt Hanton Trader I and 63,800-dwt Hanton Trader III (both built 2014).

TradeWinds was unable to contact OSC to confirm the reports due to Eid holidays this week.