Polembros Bulkers has acquired a nine-year-old bulker to increase its exposure in the post-panamax arena.

The company’s general manager George Vakirtzis confirmed the purchase of the 95,700-dwt Double Paradise (built 2011). The ship is believed to have changed hands for $16.2m.

Polembros Shipping set up Polembros Bulkers as a stand-alone dry bulk arm two years ago with a view to gradually expand in post-panamaxes.